A new market peak is approaching. With the median price of single-family, re-sale homes at $830,000 in May, we are only $38,500 off the all-time high of $868,500 reached in October 2007. The rise has been fast and furious, and, like the stock market, buyers tend to get a bit skittish when markets approach new highs. Some of the hallmarks of this rapid rise in the market have been:To read the full report: http://www.jeffsrealestateupdate.com/
The Real Estate Report provides an automatic, easy to use, property analysis feature, a mini-CMA. You can access it in the Property Analysis tab. Input your address and get a list of properties around yours that have recently sold or are currently listed for sale, all on an easy to read map. http://www.jeffsrealestateupdate.com/ to see an example.
The four-page, condensed printable version of the report provides a brief summary of the local market and has county foreclosure stats. You can access it here: http://www.realtoreconomist.com.