The under $200K segment of our local housing market has recovered nicely over the past 15 months --- improving from an average of 36 buyers per month up to 42 per month --- a 17% improvement in sales pace.
The next most affordable price range ($200K-$300K) is also doing OK, having improved by 43% (14 buyers/month up to 20 buyers/month) during the same time frame.
But our local housing market's higher price ranges are not faring as well --- with virtually no change in pace in the $300K-$400K segment of the market, and a declining pace of sales in the $400K+ price range.
So.....overall, the local housing market is definitely recovering (
read more here) but it is not affecting all property types and price ranges equally. Interested in details on how your property value has been affected? Feel free to call me at 540-578-0102.
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