I would love to be able to give you a definitive answer to this! The best I can do is to tell you what we are seeing now. Homes in the upper $100,000 and lower $200,000 range seem to be selling. The market above this range has been very slow.

My opinion is that values will remain lower and activity slowedr until we see the foreclosures and short sales disappear from the market.

My suggestion to a homeowner would be don't sell unless you have to. If this home is a secondary rsidence, you may want to consider renting it for a year or so, rather then trying to sell it now.

Hope this helps, Susanne Salem