The value of my home has decreased over the past six months, what is causing this decrease?

Profile picture for susanstith
Question refers to 10 Broadridge Ct, Florissant, MO 63033
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February 21 2010
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Answers (2)

Profile picture for jessed
The most likely causes are an overabundance of listings in your area cmbined with buyers finding it difficult to get financing and downward sales price pressure from an increase in foreclosures.
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February 21 2010
Profile picture for Lisa McKnight
The value is determined by what the homes 1/2 mile to 1 mile sold for similar to yours.  The selling price for several are: $215, 000, $217, 000, $265,000 & $270,000.  The average sold price is $241,750.
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February 21 2010
 

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