The National Association of Realtors (NAR) releases statistics on state-by-state existing-home sales and metropolitan area median home prices each quarter.
Locate the latest quarterly median home prices for your market, as well as the percentage change from the previous quarter, using this interactive map.
Here in the greater Phoenix metropolitan area, the median price of a single family ho
What's Your Market's Median Home Price? Realtor.com provides you with metro statistical area mapping to provide you with the latest median home pricing in your area of the world! It also provides changes from previous quarter.Visit Interactive Home Pricing Map for more detail.
Below is a table of the median property bill by state. This information is from the US Census 2007 American Community Survey data. Alabama $ 351 Alaska $ 2,346 Arizona $ 1,201 Arkansas $ 492 California $ 2,697 Colorado $ 1,348 Connecticut $ 4,332 Delaware $ 981
The National Association of REALTORS® posted up something kind of cool… and kept it a secret… but it got leaked. My friend Jay Thompson in Phoenix found it and posted it on his blog and I came across it there.
The NAR created a map that links to the median home price data in a bunch [...]
Realtor.org just released a neat interactive map of median home prices across the country. I’m sure it’ll come in handy for somebody. The prices are updated quarterly and the median home price is $223,500 in Orlando as of Q2 of 2008 which represents a year over year decline of 15.7%. The Tampa market saw greater [...]
One of the problems with embargoed information is that you forget about it, but the social median team was good enough to send me a reminder…
Social Median starts covering the election in a one stop shop get it all here web site.
While everyone is still wondering who will win or lose the race, getting [...]
S&P/Case-Shiller Report (July 2007-July 2008 Y.T.D.)
According to the latest S&P/Case-Shiller report, Portland home prices were down -6.6% from July 2007 to July 2008 year-to-date. Portland ranks 5th as having the least depreciation. Nationally, home prices experienced a drop of -16.3%. Depreciation rates for housing prices are as follows:
-1.8%=Charlotte (having the least depreciation
This site, although some good ideas, is packed with liberals so sign up and help me show them the other side of the story clipped from www.socialmedian.com Hot discussions on socialmedian Huffington Post :She said "nucular." Twice. I realized three things tonight. For one, if you are a McCain/Palin/Bush voter, you and I do not have a difference of opinion. We have a difference in brain power.
August Daytona Median Homes Price Drops to $164,000
How far have prices for Daytona Beach homes dropped since the real estate bubble burst? If you use median prices as part of the answer, you are off-base.
Median homes prices are cited as being something of great importance. Television news, newspapers and magazines are full of headlines shouting [...]
This is certainly one of the most significant and telling charts of the last 15-20 years. The boom-bust of the housing market signals a change in the entire global economic system. Changes in the global economy always lead to significant political and cultural changes. Please be aware that now is the time [...]
While many are blasting McCain's choice of Alaska Governor Sarah Palin as his Vice President (visit today's huffingtonpost for a sample), I believe the choice was actually a smart strategic move. Both McCain and Obama are fighting for the votes of independents and undecideds. By selecting a female vice presidential candidate, McCain moves himself closer to Obama's "change" platform, and also creat
Median Price in New York area FallsThe median price for existing single-family homes in the New York-Northern New Jersey-Long Island area fell 5.3 percent to $453,400 in the second quarter from $478,800 during the same time last year, according to a second quarter report by the National Association of Realtors. Prices in the New York-Wayne-White Plains area decreased 10.8 percent compared to the s
The spin is out in full force folks. The Southern California housing numbers are now out and once again they show a dismal and pathetic market. Yet even in the face of falling prices ala the Wal-Mart commercials, you can rest assured that some are going to spin the data for all it [...]Related Posts:■Foreclosures? Housing Bubble? In Southern California? Impossible!■Real Homes of Genius: Tod
Each month, the National Association of Realtors® releases a study called theExisting Home Sales report. It's adetailed look at "used" home sales data from all four regions of the country.
One of the key findings in each Existing Home Sales report is something called the "median sales price", the statistical price point at which half of the homes in the U.S. sold for more, and half sold for less.
Each month, the National Association of Realtors® releases a study called the Existing Home Sales report. It's a detailed look at "used" home sales data from all four regions of the country.
One of the key findings in each Existing Home Sales report is something called the "median sales price", the statistical price point at which half of the homes in the U.S. sold for more, and half sold for le
According to the latest data gathered by the National Association of Realtors, median prices of homes in the country have declined by 7.6 percent in the second quarter. There were at least 75 percent of cities in the United States, which were affected.
There has been much speculation on where the Pasadena California real estate market and home prices are headed. And also, to what extent have values declined? The median price has dropped, but to what degree have Pasadena property owners experienced a loss?
Symptomatic of falling home prices are a couple of things:
Supply far exceeding [...]
Kyte.tv sai mahtavaa julkisuutta sosiaalisen median superjulkkiksen Robert Scoblen kehuttua palvelua. Robertin kehut olivat ylitsepursuavat jo pelkästään siitä syystä, että mies on aiemmin ollut Qik mobiilin videostriimauspalvelun sanansaattaja. Nyt hän katsoo, että Kyte.tv tulee voittamaan sekä Qik:n että Flixwagonin palveluiden välisessä kilpailussa. Tässä muutamia Kyte.tv:
Portland had it’s first decline in average sale prices since August 2002 and in median sale prices since May 2001. Average sale prices dropped 3.9% and the median price of houses fell by 3.5%.
Here are the “average” and “median” sold prices of homes in and around Portland, Oregon for the current month and year-to-date:
AVERAGE PRICE [...]
Median house prices for the March quarter:
Sydney: fell 0.3 per cent to $554,000
Perth: fell 2.5 per cent to $460,000
Canberra: fell 6.8 per cent to $445,000
Melbourne: fell 8.4 per cent to $432,500
Darwin: rose 1.8 per cent to $420,000
Adelaide: rose 2 per cent to $362,100
Hobart: rose 1.5 per cent to $335,000
Think you were having a bad time [...]
Existing-home sales slowed in April, partly because restrictive lending practices hampered home buyers. At the same time, a greater number of areas are showing sales gains from a year ago and a recent reversal in mortgage policy means the market is better positioned for a turnaround, according to the National Association of Realtors®.
Existing-home sales including [...]
Doctors at Boston’s Massachusetts General Hospital described Senator Edward (Ted) Kennedy’s brain tumor as a malignant glioma in his left parietal lobe. The bad news is that the median survival period for patients with this aggressive type of brain tumor is only 15 months.Dr. Keith L. Black, the chairman of the department of neurosurgery at Cedars-Sinai Medical Center in Los Angeles, stated th
Single Family Home Resale Market Trends, numbers and graphs.As expected by the high Pending numbers in March, the April 2008 number of home sold increased to 5,585. That's quite a jump from 4,335 sales in March and 4,855 last year in April. There may be something wrong with the 5,585 number provided by ASU Polytchnic. It's bit high, Its higher then the ARMLS numbers and its
" For the first time since July 2005, the local resale housing market has posted year-over-year improvement. April had 5,585 recorded sales in contrast to 4,855 sales for a year ago and 4,335 sales in March 2008. Given the improvement, the basic question is whether this is the first sign of the much anticipated recovery or merely a blip in a continuing weak market, "
If you refer back to last week’s Inventory post, I had listed the number of home sales for 1st quarter of 2008:
Date
Sold
Median Price
Change YOY
January
32
$687,500
4.17%
February
32
$815,000
-20.61%
March
35
$725,500
-13.16%
That’s a total of 99 homes sold in Arcadia over the last 3 months. How does this compare to previous quarters when [...]
The California Association or Realtors on Friday came out with another press release showing how dismal the market has gotten. Sales have fallen 24.5 percent from a year ago but the more shocking development is the price of a median home in the state is now off by 29 percent. This is shocking [...]Related Posts:■Foreclosures? Housing Bubble? In Southern California? Impossible!■Sales Drop Their Pants in Southern California. In More News, Median Prices Still Strong Like Arnold Schwarzenegger.■The End of the Tribe of Housing: Breaking Down the National Housing Neurosis.■Real Homes of Genius: Today we Salute you Huntington Park. Sold 3 Times in 4 Years.■Foreclosures jump statewide by 40% in California in just one quarter! Welcome to California’s Gold!
The National Association of REALTORS released its Existing Home Sales report for March 2008. An "existing home" is one that is not considered new construction.
A sub-headline in the report showed that the median sales price of all homes sold in March increased by 2.5 percent to $200,700.
But don't assume that the housing market is improving because of a statistic like that because in the field of Statistics, median is just the "middle" in a group of numbers.
With respect to the Existing Home Sales, the median sales price is the price point at which half of all homes sold went for more, and half went for less.
If more homes sell in high-priced San Jose, CA than in low-priced Youngstown, OH, for example, the median will be skewed to the high-side. The reverse is true, too.
Median
More horrible news from the National Association of Realtors:
Existing-Home Sales Slip in March
Existing-home sales edged down in March, remaining within a narrow range of sales activity that has persisted since last September, according to the National Association of Realtors®.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – were down 2.0 percent to a seasonally [...]
I ticked the debates after watching a few innings of the Yankees game. Baseball is a game of patience and patience is what is needed so I decided to make a habit of it. I told myself I wouldn’t get into stats and names but I’m developing favorites. I watch now as love in me is passing where from I make it out and watch the world from my new perspective. Now and again I’ll talk to a girl or deliver a drink and now and again the night pops alive and the heaven’s open and we are off. This night was warm and decent and uneventful. I felt pride to watch a black man and a woman debate for the most powerful position in the world even if the world wasn’t ready. I thought of holding a gun against an invading army and thought of the lack of love and the clouds that encase it. The girl call
One of the flip sides of the major reversal in housing fortune is how quickly the market deteriorated. As many of you know, the new federal government loan limit enacted in March of this year raising loan caps to a new $729,500 ceiling was designed to help jolt the market in higher priced areas [...]
One of the flip sides of the major reversal in housing fortune is how quickly the market deteriorated. As many of you know, the new federal government loan limit enacted in March of this year raising loan caps to a new $729,500 ceiling was designed to help jolt the market in higher priced areas [...]
For Many, a Boom That Wasn’t by NYT - snip:...The bigger problem is that the now-finished boom was, for most Americans, nothing of the sort. In 2000, at the end of the previous economic expansion, the median American family made about $61,000, according to the Census Bureau’s inflation-adjusted numbers. In 2007, in what looks to have been the final year of the most recent expansion, the median family, amazingly, seems to have made less — about $60,500. This has never happened before, at least not for as long as the government has been keeping records. In every other expansion since World War II, the buying power of most American families grew while the economy did...The Cost of Maintaining Ownership in the Current Crisis: Comparisons in 20 Cities by CEPR - snip:This paper compares
From the MailTribune in Southern Oregon:Jackson County's residential housing slump continued to reflect the national numbers during the first quarter of 2008.Sales prices for the area's existing single-family residences tumbled 9.6 percent to $235,000 during the first three months of the year. The March median sales price for existing single-family residences declined 12.9 percent to $235,000, from $270,000 a year earlier.California's residential real estate woes continues to ripple into the Southern Oregon market, said Doug Morse, an agent with Coldwell Banker Pro West Real Estate in Medford. "Forty-three percent of our buyers are from California and they're not coming up because they haven't been able to sell their houses."He has heard from clients of some movement in the Bay Area market
Each month, the Commerce Department and the National Association of REALTORS release national housing data.
The former's release is called the New Residential Sales report and the latter's is called the Existing Home Sales report.
Both reports highlight the "median sales price", the point at which half of the homes in the U.S. sold for more, and half sold for less.
Last month, the median sales prices were as follows:
Existing homes: Down 8.2 percent
New homes: Down 2.7 percent
The very definition of "median", however, makes this data point useless for national housing statistics.
If a large amount of homes are sold in regions where home prices are traditionally high, the median sales price will trend higher.
If a large amount of homes are sold in regions where ho
The California Association of Realtors reported today:
LOS ANGELES (March 24) – Home sales decreased 28.5 percent in February in California compared with the same period a year ago, while the median price of an existing home fell 26.2 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
“Although sales rose for the fourth straight month in [...]
Existing home sales down 1.1% in the West but up in the rest of the country.
According to the National Association of Realtors:
The national median existing-home price (2) for all housing types was $195,900 in February, down 8.2 percent from a year earlier when the median was $213,500.
Total housing inventory fell 3.0 percent at the end [...]
February’s Median Sales Price for homes sold was $223,000, up slightly from the January median sales price of $221,500. The average price, however, decreased to $276,200, down 14.4%% from January. The number of homes sold, however, increased from 813 homes sold in January to 932 homes sold in February. January’s volume of 813 was the [...]
Many of you I am sure have followed the investment advice from the richest man in the world, Mr. Warren Buffet. There is good reason to follow the Oracle from Omaha. Take a look at historical returns from his Berkshire Hathaway:
Compounded Annual Gain: 1965-2007 21.1%
Overall [...]
I'd like to have some fun and encourage some discussion here on the blog; so I am going to sponsor the first-ever OC Prudent Bears Real Estate Prediction contest. Here are the rules.Readers of the blog will try and predict the day that the median price of the Orange County All Homes Median Price as reported by DataQuick will fall below $500,000.Readers are to add a comment to this post that includes the date that he predicts the median will drop below 500K and their nickname as they are generally known around the RE blogosphere. (See example prediction in Comments section)The reader guessing closest to the actual crossover date (actual event date, not reporting date) will be considered the winner.If two or more readers guess the correct day, the reader who entered his guess first/earlier w
So, you slogged through more than 10 years of your life to get that coveted degree. But are you earning a decent monthly income? Let’s define “decent” as being at least slightly more than 50% of your cohort, or what’s called the median. If you’re getting way below the median, maybe you need to do something about it. Based on data from the latest MOM report on the labour force (for 2007), the median gross monthly income for degree holders in their 30s is $4,880; and that for degree holders in their 40s is $7,000. The numbers are higher for males, by more than 5%. I’m not sure why… The gross monthly income reported includes bonuses, commissions and other allowances that can be construed as income. The following are the median gross monthly income for the various age groups (th
Well, for my first post, I'd like to show you the "secret" to getting the median subassembly to work as expected. So to get things started, let's create the assembly with everything but the median (I'll be using the "MedianRaisedWithCrown" subassembly) and the marked point (the "MarkPoint" subassembly). In this image, you'll see that I've placed the median and the marked point in the drawing but they are not currently attached to the "Lane with Median Assembly".Now, the "secret" of getting the median subassembly to work correctly is in the order in which the median and marked point are added to the assembly. If you read the subassembly help for the "MedianRaisedWithCrown" subassembly, you will see that this subassembly requires that the "MarkPoint" subassembly be placed before the media
I poured myself a cup of coffee this morning and decided to have a look at asking price data at one of my favorites sites Housing Tracker.According to the data at Housing Tracker, the median asking price for homes in OC reached it's peak in May of 2006. At that point, the median seller was asking nearly $700,000 ($694,600)for her home. Today, she is asking nearly $120,000 less.Over life of a 30 year loan at 7.5%, a buyer purchasing a home at today's median versus the median at the peak will save almost $300,000 in principal and interest. That buyer would also save rouhgly $53,000 in property taxes, for a total savings of about $350,000.That is an amazing amount of money and a tremendous reward exercising bearish prudence. You should be proud of yourself.Viva los Osos!
The National Association of Realtors released the October existing home sales numbers and no surprise, the numbers are bad, very bad. But you couldn’t tell that but reading the spin from the Realtors in this news release.
The headline from the Realtors is “Mixed Results For October Existing-Home Sales; Mortgages Improving”. Oh really?
What mixed results are you talking about?. They say: “Single-family existing-home sales were stable in October while the condo sector was down”. Sales were stable from what? From last month? Yes. From a year ago? Not at all. Existing home sales were down 20.7% from a year ago. What is stable about that? Of course, I know that the Realtors are referring to the fact that existing single family home sales were unchanged from last month. Well, you can’t measure this market month to month, specially if there is not that much change. I better measure is comparing it to a year ago and if we look at that, down 20.7% is a horrib
I was asked the other day about the cost of buying a home in SE Portland’s Sellwood neighborhood. A buyer from California had heard good things about Sellwood (Westmoreland) and had also read that Southeast Portland offered some of the area’s most affordable housing. True and true. But Sellwood wouldn’t be one of Portland’s least expensive areas.In 2004 & 2005, you could buy a cottage or bungalow in Sellwood for $250,000 or a little more. Today, $350,000 and up is more realistic.As for the rest of SE Portland and the metro area, here are the current average and median prices for homes in the Portland real estate market:Average & Median$557,300 & $465,000 = Lake Oswego, West Linn$461,800 & $379,000 = West Portland$415,700 & $385,000 = Northwest Washington County$377,100 & $340,000 = Tigard, Tualatin, Sherwood, Wilsonville$338,900 & $300,000 = Milwaukie, Clackamas, Happy Valley, Damascus$330,400 & $303,700 = Oregon City, Canby$322,500 & $283,000 = Northeast Portland$298,900 &
The median home sales price for homes in the twin cities 13 county metro area.
Click on the chart to make it bigger. The numbers will stay the same but it will be easier to read. When the 2007 numbers come out we will see a 2 or 3% change in the median price and it will be downward for the first time in several years.
Also see Local market conditions and home prices by neighborhood.
This week, the U.S. Census Bureau released estimates indicating that Fairfax County now has the highest median income in the country, edging just over $100K for 2006! Fairfax County and Loudoun County are in a fierce competition for the richest county in the country – With the national median being $48,451, both Fairfax at $100,318 and Loudoun at $99,371 come in at more than double.
Neighboring counties are not doing poorly either with Arlington reporting in at $87,350, Prince William at $80,783 and Montgomery County at $87,624.
According to a demographer with the Brookings Institute, a Washington think tank, the region as a total ranks second only to the Silicon Valley.
In another report I read today published through our local real estate board, NVAR, even with our real estate market adjustment, affordable housing still remains a challenge. In the coming months, as the market continues to stabilize, we are expecting real estate activity to make slow and steady
Lake Oswego is Portland’s most expensive “area,” while North Portland is the least expensive. The difference in price, median price is… about $213,000.Here are the average and median sales prices of homes, year-to-date 2007, for Portland and the suburbs:Average & Median = Area$559,400 & $462,800 = Lake Oswego, West Linn$462,300 & $379,000 = West Portland$410,300 & $379,900 = Northwest Washington County$377,100 & $340,000 = Tigard, Tualatin, Sherwood, Wilsonville$339,900 & $302,000 = Milwaukie, Clackamas, Happy Valley, Damascus$327,000 & $304,000 = Oregon City, Canby$319,100 & $280,000 = Northeast Portland$297,300 & $270,000 = Hillsboro, Forest Grove$289,200 & $262,000 = Beaverton, Aloha$288,600 & $255,500 = Southeast Portland$282,300 & $260,000 = Gresham, Troutdale, Fairview$264,200 & $250,000 = North Portland
What a shock that housing median prices are still holding strong. In the land of Oz otherwise known as Southern California, June data released today shows housing prices resiliently strong with one...
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All they talk about on the news is how housing becomes less and less affordable. The median price is climbing up like crazy everywhere. But what is a median price, why look at it and how it’s different from average price? Well, that’s really easy – here’s an example:
Suppose we take 7 houses that were sold and sort their prices from lowest to highest (in thousands of AUD)
250, 252, 278, 286, 302, 325, 339
Median price here is 286, because it’s in the middle of range – 3 prices are lower and 3 prices are higher than it.
How median price is different from average price? To calculate average price we have to sum all of the prices and then divide by the number of houses, so that
Average price = (250 + 252 + 278 + 286 + 302 + 325 + 339) / 7 = 290
What median price shows?
It shows who rules the market in a certain place (suburb or area) at certain time (i.e. 3 or 6 months or a year): if there are more people buying expensive houses than cheap ones, it will go up, but if there are
I got a great email today.
Tim,
I was over at your favorite site today and one of the posts made me think. It was about why the housing industry uses median instead of average home prices when reporting market data. I got to thinking about that and the examples they give are pretty compelling and I’m [...]
The Asbestos Disease Awareness Organization released findings today reporting that mesothelioma–a rare form of cancer caused by asbestos exposure–is affecting younger victims than in previous years. According to the ADAO, case reports from the past three years show a new median age of 51 for patients diagnosed with mesothelioma. Of these cases, nearly 50% are women. The Columbia University Mesothelioma Center in New York reports similar findings; the average age of their patients with peritoneal mesothelioma is 51.7 years.In 1986, the Centers for Disease Control (CDC) reported that the median age of mesothelioma patients was nearly 70; other studies reported that approximately eighty percent of patients with the disease were men. It is estimated that during the next decade, 100,000 Americans will die of asbestos-related diseases–averaging 30 a day.For the full story, go to www.insurancenewsnet.com.�
Lewis Ranieri, is a pioneer in the securitized mortgage market, in fact many regard him as the father of that market.
At a a recent Milken Institute Global Conference he told his audience for the first time since the numbers have been tracked in the US, the median home price is likely to face a real [...]
Sales of existing homes in Florida remained at a sustainable pace in March, with buyers continuing to see favorable mortgage rates and a range of housing options available across the state, according to the Florida Association of Realtors® (FAR). Statewide, sales of single-family existing homes totaled 13,469 last month compared to 18,751 homes sold in March 2006 for a 28 percent decrease.Florida’s median sales price for existing single-family homes in March was $236,000; a year ago, it was $244,600 for a 4 percent decrease. The median is the midpoint; half the homes sold for more, half for less. In March 2002, the statewide median sales price for single-family homes was $134,100, for an increase of 75.9 percent over the five-year-period, according to FAR records.In February 2007, the national median sales price for existing single-family homes was $211,100, down 1.5 percent from the previous year, according to the National Association of Realtors® (NAR). In California, the statewi
Sales of existing homes in Florida remained at a sustainable pace in March, with buyers continuing to see favorable mortgage rates and a range of housing options available across the state, according to the Florida Association of Realtors® (FAR). Statewide, sales of single-family existing homes totaled 13,469 last month compared to 18,751 homes sold in March 2006 for a 28 percent decrease.Florida’s median sales price for existing single-family homes in March was $236,000; a year ago, it was $244,600 for a 4 percent decrease. The median is the midpoint; half the homes sold for more, half for less. In March 2002, the statewide median sales price for single-family homes was $134,100, for an increase of 75.9 percent over the five-year-period, according to FAR records.In February 2007, the national median sales price for existing single-family homes was $211,100, down 1.5 percent from the previous year, according to the National Association of Realtors® (NAR). In California, the statewi
Instead of having just one home today, I would like to salute the entire county of Los Angeles with the Real County of Genius Award. While 3,200 workers pack up their boxes with pink slip in hand...
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Florida's housing sector continued to show a more sustainable pace of sales in February, while still-low mortgage rates sparked buyer interest, according to the Florida Association of Realtors® (FAR). Statewide, sales of single-family existing homes totaled 10,779 last month compared to 14,080 homes sold in February 2006 for a 23 percent decrease.Real estate industry experts across the state think the outlook for Florida’s single-family residential housing market has brightened, according to a quarterly survey conducted by the University of Florida. The survey shows that a growing number of those polled find home prices are staying even with inflation.“If you’re thinking of buying a house, there’s probably not much to be gained by holding out at this point,” says Wayne Archer, director of UF’s Bergstrom Center for Real Estate Studies. “It doesn’t look like prices are going to fall anymore. We see that as a benchmark. When prices maintain the same level as inflation, t
Florida's housing sector continued to show a more sustainable pace of sales in February, while still-low mortgage rates sparked buyer interest, according to the Florida Association of Realtors® (FAR). Statewide, sales of single-family existing homes totaled 10,779 last month compared to 14,080 homes sold in February 2006 for a 23 percent decrease.Real estate industry experts across the state think the outlook for Florida’s single-family residential housing market has brightened, according to a quarterly survey conducted by the University of Florida. The survey shows that a growing number of those polled find home prices are staying even with inflation.“If you’re thinking of buying a house, there’s probably not much to be gained by holding out at this point,” says Wayne Archer, director of UF’s Bergstrom Center for Real Estate Studies. “It doesn’t look like prices are going to fall anymore. We see that as a benchmark. When prices maintain the same level as inflation, t
Florida’s Existing Housing Market: Sales Slow, Median Price Edges Down in February 2007
Click on icon to see Florida sales chart.
Tampa-St-Petersburg-Clearwater is down -43% of Realtor Sales from last year and is down -3% of Median Sales Price from last year.
Florida’s housing sector continued to show a more sustainable pace of sales in February, while still-low mortgage rates sparked buyer interest, according to the Florida Association of Realtors® (FAR). Statewide, sales of single-family existing homes totaled 10,779 last month compared to 14,080 homes sold in February 2006 for a 23 percent decrease.
Real estate industry experts across the state think the outlook for Florida’s single-family residential housing market has brightened, according to a quarterly survey conducted by the University of Florida. The survey shows that a growing number of those polled find home prices are staying even with inflation.
“If you’re thinking of buying a house, there’s probab
In the last couple of weeks, I’ve met different sets of homebuyers who are relocating to Portland. One of the areas they’ve independently been referred to is Lake Oswego. Great area, they’ve been told.It is very popular and for that, it’s also, by area, the most expensive place to live around Portland.Here are the year-to-date average and median sales prices of homes in the Portland area:Average - Median = Area$533,700 - $452,500 = Lake Oswego, West Linn$405,300 - $359,000 = West Portland$378,600 - $333,000 = Tigard, Tualatin, Sherwood, Wilsonville$357,500 - $310,000 = Milwaukie, Clackamas, Happy Valley, Damascus$352,900 - $328,500 = Northwest Washington County$318,500 - $294,200 = Oregon City, Canby$301,600 - $265,900 = Northeast Portland$295,800 - $262,500 = Hillsboro, Forest Grove$281,400 - $260,000 = Beaverton, Aloha$275,000 - $252,500 = Gresham, Troutdale$265,700 - $234,000 = Southeast Portland$261,800 - $245,000 = North Portland
I’ve been talking a lot lately. Today, I’ve decided to take another opportunity to listen.I’ve posted a new poll that asks another pretty simple question which is essentially at what price level would you seriously consider buying a the “typical” home in Orange County. The median price for last month was $600,000 and sale transactions were at a trickle, the slowest sales pace since 1995, so clearly that price level isn’t very motivational for most of us. Would you be very likely to buy at $575,000? $550,000? Are you holding out for $500,000 or less? Take our poll and let us know! As feel free to add a comment or two about your response and your reasoning behind it.
In second quarter 2006, Florida's housing sector followed the national trend, showing signs of a market adjusting to a better balance between buyers and sellers. Statewide sales of single-family existing homes totaled 53,161 during the three-month period, a decrease of 27 percent compared to 72,870 homes sold during the same time a year ago, according to the Florida Association of Realtors® (FAR).
"Sales of existing single-family homes in Florida behaved like much of the U.S. in the 2006 second quarter, with the declining strength of the domestic economy continuing to act like a stiff wind in the face of the existing real estate market," says Dr. David Scott, executive director of the Dr. Phillips Institute for the Study of American Business Activity and professor of finance at the University of Central Florida (UCF).
The statewide existing-home median sales price rose 9 percent to reach $254,800 in the second quarter; a year ago, it was $234,500. In 2001, the sec
The median home price for single family houses or I assume single family, the RJ, did not say but any-who was $299,900 as of September 12, 2007. Humm, wonder where they get there figures and if they are exactly correct. The Realtors reported 1,316 home sales during September, home sales ...
