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Answers (2)
- Chris Blasic, "Top Realestate agent"
- Contributions:392
Hi Bennie3,
Supply and demand. Currently there isn't enough homes for sale despite sales being slow. this pushes prices upward. I know it's weird, foreclosures are at an all time high yet there is nothing to buy. The banks are still holding their inventory.
Thanks
Supply and demand. Currently there isn't enough homes for sale despite sales being slow. this pushes prices upward. I know it's weird, foreclosures are at an all time high yet there is nothing to buy. The banks are still holding their inventory.
Thanks
- Matthew Holder, "matthew.holder"
- Contributions:10
Hi there.
With few sales, one very high sales price or one very low sales price can make a big difference up or down. It doesn't really mean value has gone up or down. It means there isn't a lot of data so be careful what conclusions you take away from it.
With few sales, one very high sales price or one very low sales price can make a big difference up or down. It doesn't really mean value has gone up or down. It means there isn't a lot of data so be careful what conclusions you take away from it.
What would make the homes in this area go up so sharply in the last month?
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