As a real estate professional, I frequently get asked about my thoughts on the local housing market and home pricing trends. I find it very important to stay on top of the latest figures such as median home sales prices.
I usually go through RealtyTrac for the latest statistics. RealtyTrac is a great resource that produces monthly publications regarding nationwide real estate trends. I’ve been using their site for years and have viewed many of their data figures being utilized in the Wall Street Journal.
For the month of September, the median home sales price for a traditional sale was quoted at $174,999 and properties falling under foreclosure or bank owned statuses were at $132,050.
It’s important to have a good understanding of the latest figures and statistics in order to set your home’s listing price. This information is just as important for buyers looking to set their purchase budget maximums.