First 6 mts 2008 what was the average price compared to last year

Robert
Home Seller

Answers (4)
Meris Gantt
Broker
Blowing Rock, NC

I just did a blog on this very thing (comparing 2008 market stats to 2009). Here's a link - http://blowing-rock-real-estate.blogspot.com/

Wed May 27 2009, 12:47
Larry Story
Broker
Greensboro, NC

Robert,
You can go to one of my blogs for the Triad area stats. I post them once a month now.

Fri Jun 27 2008, 17:13
Stanton Homes
Home Seller
Raleigh, NC

Again, June and second quarter statistics are not yet available for the Research Park Triangle area.

First Quarter 2008: average resale = $219,400.
2007: average resale = $216,800.

This includes all residential sales, so condos, townhomes, and single family homes. It can be broken down further by category.

Fri Jun 27 2008, 08:55
Curt Darragh -...
Broker
Poughkeepsie, NY
FIRST ANSWER

June statistics aren't out yet in my area, Poughkeepsie, NY but here are the stats for May 07 compared to May 08:

May 2007 = $416,705
May 2008 = $377,513

Decrease in the average sales price from 2007 to 2008 = 9.4%. This has been the case for the past three months (March, April & May 2007 compared to 2008). Prior to that our average sales price was only down approximately 2-3% year of year. It doesn't appear to be getting better. I estimate another 12-18 months of this down market before we hit bottom. Only time will tell.

Fri Jun 27 2008, 08:44

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