
Yesterday, I was chatting with two different people about the housing market and both were wondering how the potential local recovery (or at least stabilization) impacted different price ranges.
The increased pace of home sales over the past year has not affected all price ranges equally, as shown in the graph above:
- Under $200K >> Sales up 14% over the past year.
- $200K - $300K >> Sales up 33% over the past year.
- $300K - $400K >> Not much of a change in either direction.
- Over $400K >> Sales have slowed over the past year.
The winner, it seems, is the $200K - $300K price range, though the lowest price range (under $200K) is also doing quite well.