Friday, October 28, 2011

Miami Metro Median Home Price Is Stable?

Below is a chart that shows the trends for median home price and home sales for the Miami Metro area from January 2007 through August 2011.

It appears since the beginning of 2009 that the median home price has stablized. That is some good news, unfortunately though home sales are flat. So it definitely seems to be a good news - bad news situation. Things don't seem to be getting any worse but we don't see rapid improvement either. Stay tuned for more updates on this blog.

Monday, October 24, 2011

Fairfax County Median Home Price Update

Last December, I reported how both the Median Home Price and Sales were trending downward in Fairfax County, VA. Below is a chart that shows what has been taking place since that time. This chart shows the median home price and sales for the period of September 2010 through August 2011:

It appears the news over the last twelve months is a little better. The median home price is about $30,ooo higher than a year and sales seem to be trending upward. I will keep an eye on this positive trend to see if it continues. Check our blog in the future to see if there is more good news for Fairfax County.

Friday, October 21, 2011

Las Vegas Sales Improve

Last December I wrote a blog post about the continuing bad news on home sales in the Las Vegas market from 2008 through 2010. There is finally some good news to report - take a look at the chart below for the twelve months of September 2010 through August 2011:

The number and dollar amounts for purchase mortgages have been trending upward for the last 12 months. Click on the image above for a larger view.