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02-21-2011, 12:08 PM #1
Fixer Upper
- Join Date
- Jan 2011
- Location
- San Jose
- Posts
- 45
What's The Market Like In Your Local Area for March-2012
I'm from Fremont, CA and I've noticed a 10% drop in home prices since May of last year for homes between the $650,000-$850,000 range. I also see that homes, in general, are getting 3% less than Listing Price in the past 5 months. This would certainly be different than what is being said overall for the Bay Area which is a 5% increase over last year.
Right now homes seem to be averaging 53 days on the market with extremes from both sides (some homes for 14 days and some for 100 days).
I do believe if the interest rates stay where they are at that Home Sellers will be able to increase their home prices in the coming months though by .5-.75 per month.
What's the market like in your area and your predictions?Last edited by BusinessVideoTour; 02-21-2011 at 09:29 PM.
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