Robert, Home Seller in

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

Asked by Robert, Fri Jun 27, 2008

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Hi Robert,

What area are you looking in? Markets can differ from town to town and also differ in sections of town. Let me know and I will gladly provide those details.
0 votes Thank Flag Link Tue Jun 17, 2014
You can go to one of my blogs for the Triad area stats. I post them once a month now.
0 votes Thank Flag Link Fri Jun 27, 2008
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.
Web Reference:
0 votes Thank Flag Link Fri Jun 27, 2008
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.
Web Reference:
0 votes Thank Flag Link Fri Jun 27, 2008
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