Buyers Report 2011-05 Mid Month
Buyer activity, what buyers are looking at, is moderating slightly with the average price of homes viewed back down to February levels, meanwhile the gap between the median and the average has widened over the last few months.
The two graphs below represent the average and median price range of homes that potential buyers are looking at on one of my web sites.
Above - To Mid May 2011
Below - All of 2010
Remember The Real Estate Market Is Local And Sometimes Hyper Local
While charts and graphs can give you an indication of market trends they should not be used to determine value trends in relation to a particular home or vicinity. The best way to determine the Value of Your Home is a Comparative Market Analysis. To discuss today's local Uxbridge Real Estate Market Conditions, the current value of your home or the marketing of your Home please give me a Call or Text me
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Kathy Clulow Sales Representative RE/MAX All-Stars Realty Inc.. Brokerage 905.852.6143
Each office independently owned and operated Not intended to solicit clients already under contract
Hey Kathy, just stopped by to say hello. You are absolutely right about applying regional or national graphs/stats to local markets...it can be very misleading.
Nick - it's not just the graphs ..... average prices are great indicators of overall trends but that is all ..... real estate is local and often hyper local.