Century 21 Lois Lauer Realty invites your questions
November 15, 2006
An article this morning in the Los Angeles Times was headlined "Region's home prices hold firm."
"I think it's the beginning of a long-term stable market," said John Karevoll, DataQuick's chief analyst. The median price of all types of homes sold in October was $484,000, the same as September and 2.3% higher than a year earlier, DataQuick reported.
The number of units being sold has declined, but prices in the Riverside/San Bernardino market have remained relatively stable. Buyers now have a wide choice of properties and unlike the past several years, they can take their time before making their decision. However, our agents have found that properties well priced are still attracting multiple offers.
"The flattening market also could suggest a standoff between buyers and sellers. Sellers appear unwilling to lower their prices much further, leaving buyers in a position of either taking it or leaving it. In many cases, they are leaving it - explaining the slower pace of sales." says Annette Haddad in her editorial piece in today's LA Times.
An article this morning in the Los Angeles Times was headlined "Region's home prices hold firm."
"I think it's the beginning of a long-term stable market," said John Karevoll, DataQuick's chief analyst. The median price of all types of homes sold in October was $484,000, the same as September and 2.3% higher than a year earlier, DataQuick reported.
The number of units being sold has declined, but prices in the Riverside/San Bernardino market have remained relatively stable. Buyers now have a wide choice of properties and unlike the past several years, they can take their time before making their decision. However, our agents have found that properties well priced are still attracting multiple offers.
"The flattening market also could suggest a standoff between buyers and sellers. Sellers appear unwilling to lower their prices much further, leaving buyers in a position of either taking it or leaving it. In many cases, they are leaving it - explaining the slower pace of sales." says Annette Haddad in her editorial piece in today's LA Times.
posted by shirley harry at 5:18 PM
1 Comments:
Thank you. This blog looks very informative. I'll be sure to check back often.
Denise
Post a Comment
<< Home