BEST ANSWER
FIRST ANSWER
In referencing the specified time frame, no decrease in market value/sales price was found. The market has actually had a minor increase in value of properties sold during this time period. Rather the increase of properties available for sale has slighlty influenced the increase in housing values, with a moderate increase in properties available for sale compared to the specified time period. At this time, we are seeing an influx of home buyers coming into the market to take advantage of the tax benefits available to 1st time home buyers thru 11/30/2009 which are now driving sales prices to slightly higher values & levels.
Mon Jul 27 2009, 12:03