Local Market Update

We move for different reasons. Yet we have one thing in common if we are considering the purchase or sale of a home in our local market: the realization that our area is expensive. What does “expensive” actually mean? After all, prices are relative. A median priced home in our local market* for t...

During the quarter ended September 30, 2011, 320 homes were sold in our local market*, down 4% from the 334 homes sold in the same quarter last year and the median price fell to $739,000, down 1% from $749,000 in the same quarter last year. Properties took slightly longer to sell, 33 days on aver...