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Prices rising, but market is stable in local real estate
The Greater Capital Association of REALTORS reported that pending sales in
the area decreased 0.6 percent from August 2013 to 885 for the month. Percent
changes that small indicate stability. The number of homes for sale this year
was lower than last year causing inventory levels market-wide to dip nearly 4%
percent to 8,282 units. As a result, prices continued to rise. The median sales
price increased to 3.6 percent to $210,000 . Prices are dictated partly by supply
and demand forces, but they're also based on what's available for sale and
consumer preferences.
the area decreased 0.6 percent from August 2013 to 885 for the month. Percent
changes that small indicate stability. The number of homes for sale this year
was lower than last year causing inventory levels market-wide to dip nearly 4%
percent to 8,282 units. As a result, prices continued to rise. The median sales
price increased to 3.6 percent to $210,000 . Prices are dictated partly by supply
and demand forces, but they're also based on what's available for sale and
consumer preferences.
posted by Unknown at
3:49 PM
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