Time To ‘Home’ In On Falling House Prices?
Owning that dream home has never seemed so realistic. The latest report by the National Association Of Realtors which keeps a tab of home prices has declared that the median price of a single-family home dropped in 109 metropolitan areas out of the 151 that were analyzed.
Over the entire nation, the median home sales pricing fell 2.8% to $171,900.
A case to note would be the Baltimore home sales scenario. Although a greater number of home sales contracts were finalized in Baltimore last month than any in the last 4 years, yet prices dropped 4.5% -for the first time since March, as per the information compiled by another home sales analytical agency, the Rockville-based RealEstate Business Intelligence LLC.
Photo source Loren Javier