Source: NAR (National Association of Realtors)
About half of metro areas tracked in the third quarter continued to show modest home price increases from a year ago, despite a sharp decline in home sales after the tax-credit deadline, according to the latest NAR survey. In the third quarter, 77 out of 155 metropolitan statistical areas (MSAs) had higher median existing single-family home prices in comparison with the third quarter of 2009, including 11 with double-digit increases. In the third quarter of 2009, only 30 MSAs experienced annual price gains. The national median existing single-family price was $177,900 in the third quarter, down 0.2 percent from $178,200 year over year.
This is great news! Although interest rates are seeing a bit of an increase, they are still historically low.
Are you or someone you know considering buying or selling a home? Now is still a great time to act - contact the Grove Team to learn more!
Direct (817) 337-0000 or by email, info@groveteam.com.
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