It's diificult to predict any specific price movements for home prices in any market. Home prices MAY see a slight decline or a leveling off but I seriously doubt any upward movements will be seen in the near future. Are you looking to see if this is the time to buy a new home in Turnersville or are you looking to sell one there. If you are looking to buy, you need to look at other factors such as, is this home going to be your primary residence? If so, then it shouldn't matter if the home will decrease any more because ANY decrease should be minor. If you are looking to buy a new home, then you should be more concerned about the price of money then of the home. The zip code that Turnersville falls uder is one area that we conduct market analysis to keep an eye on what is going on. We publish our analysis on our blog at http://www.terryi.com/reblog.
In a nutshell, I don't see prices dropping drastically and the only properties that will impact the prices are foreclosed homes (which we will see an end to shortly) and HUD owned homes (wiht a minimum of those in the area). Any proce drops will be negligible and don't anticipate a normalized upswing for about a year or a bit more.... more