Today’s Unique Atmosphere to Buy Real Estate


October 24, 2012

Market Updates


 

We’ve never seen anything like today’s real estate market. Interest rates are the lowest they’ve been in our lifetime, prices seem to have hit bottom and are turning around, and inventory is shrinking.Whether you are a renter, an investor, or a current homeowner, there are great opportunities for you today. Homeownership builds wealth, and today’s rates expand your buying power.
 

 Single Family  Jul -Sep 2012  Jul -Sep 2011  % Change
 Number of Sales  881 801  10.0 %
 Median Price  $625,000  $570,099  9.6%
 Condominium   Jul -Sep 2012   Jul -Sep 2011  % Change
 Number of Sales  1,152  1,002  15.0%
 Median Price  $320,000  $302,750  5.7%

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