Are all price points selling?

There is much discussion about how the real estate market is in the middle of its turnaround based on sales increasing on a year-over-year basis. Though the fact that housing is again moving is fabulous news, let’s not lose sight of which homes are selling. Here is a closer look at different price ranges and how they are faring in the current ‘boom’:

$0-100,000 sales up 38.8%
$100,000 – 250,000 sales up 8.7%
$250,000 -5 00,000 sales down 6.2%
$500,000 – 750,000 sales down 8.9%
$750,000 – 1,000,000 sales down 10.6%
$1,000,000 – 2,000,000 sales down 23.3%
$2,000,000+ sales down 32.4%

As we can see, this rebound has only affected the lower price points. Make sure your upper end sellers realize what is actually happening behind the headlines.

Real Estate Websites by Cherie Young