Attention, home sellers! Even in an uncertain real estate market, there may be good news for you – depending on where you live. The National Association of REALTORS® has published the results of its quarterly sales survey and found that the median home price continues to rise in most metropolitan areas. The median is a typical market price – meaning half of all homes sold for more, and half of all homes sold for less.
Lawrence Yun, NAR chief economist, said the data underscores the fact that all real estate is local. “Some metro areas are hot, while others are experiencing localized problems,” he said.
Moving into 2008, we will keep a close eye on the Jersey Shore area market trends to see how prices affect sales volume. Since the market changes month to month and neighborhood to area, please contact me at 732-775-2774 or visit PatrickParkerHomes.com to get the latest information on Bradley Beach NJ real estate. To receive a complimentary home value analysis, please click here.
Best wishes for a safe and happy holiday season!