2nd Quarter Ends with New High for Median Home Price
The second quarter of 2009 shows the market adjusting with declines in the number of sales and active listings from the same time in 2008, presenting a balanced supply of housing. With a balanced supply, comes stable pricing. In June the mediam price for a single-family home reached a record high of $164,500. The average price of a single-family home rose to $221,783, the highest level since August, 2008. The median price in the townhome/condo market reached the highest level since August 2008.
Filed under: Buying, Home Sales, Selling by Dwight's Real Estate Update