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Homegain 2nd Quarter Home Prices Survey

By
Real Estate Agent with Massachusetts Buyers Broker Agency, LLC

Homegain has released its 2nd quarter home prices survey.  Notable statistics include:

  • 75% of homeowners think their homes are worth more than the recommended agent listing price;
  • 47% of real estate agents and brokers and 49% of homeowners think that home prices will remain the same in the coming six months;
  • 28% of homeowners think that the values of their homes will increase over the next six months vs. just 20% of agents and brokers who think the same;
  • 33% of agents and brokers and 23% of homeowners think that home prices will decrease over the next six months; and
  • 61% of surveyed agents and brokers indicated that their home buyer clients think homes for sale are overpriced.

For more detailed information, see http://blog.homegain.com/press-release-homegain-releases-second-quarter-2010-home-prices-survey-results/.

 

Al Raymondi
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales

The first item and the last item tell the story.  Many sellers are not facing the reality of the declining values since the bubble burst.

Jun 26, 2010 05:59 AM