Median Home Sale Prices Nationwide Improve!

February 11th, 2011 - by Judi Desiderio
Filed under: East End, Hamptons Real Estate, Home Sales Reports, market conditions, National Association of Realtors, National Housing Market, North Fork, Real Estate

 

National Association of Realtors, (NAR), based in Chicago, reported yesterday…what we in the business have been feeling since December…The housing market is improving!
            Nationwide, median home sale prices rose 0.2%.
            In the New York area median home sale prices jumped 4%, and in the Washington region, an incredible 8.1%!
            Here on Long Island the 4th Quarter median home sale price was a 1.4% increase from the prior year.
            Town & Country Real Estate’s 2010 Year End Hamptons Home Sales Report showed a median home sale price increase of 0.55% year over year, further conforming prices have stabilized and are beginning their next ascend. CLICK HERE to view all Home Sales Reports for the Hamptons, North Fork and Shelter Island.
            Free Market Inc. (FMI), published Feb 9, 2011, Housing Inflation Starting to Accelerate, predicting “prices to improve nicely in 2011-12”.
            Lastly, with interest rates on the rise, one has to question why anyone would wait any longer to pull the trigger. Every indicator is pointing to “BUY NOW!”
            The ship is getting ready to sail, are you on board?




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