We have been
happy to report that house prices have increased over the last several months.
However, we have also warned that month-over-month prices since 2009 have
softened in the fall and winter. We are beginning to see that situation repeat
itself in 2012.
CoreLogic, in their latest House
Price Index revealed that prices increased by 5% over last
year. Yet, prices actually dropped .3% month-over-month (m-o-m). Analytics firm
FNC, in their
latest Residential Price
Index, reported that prices increased 2.3% over the last year
but prices remained unchanged m-o-m.
What Does This Mean for
Sellers?
Sellers should be excited about
the headlines showing price appreciation across the country for the first time
in a long time. However, if you want to sell your home in the next 6-8 months
realize that there is a better chance that prices will soften than appreciate
during that time span. Waiting to the spring for a better price probably makes
little sense.
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