General comparison over different years is a popular real estate “yardstick” because there is no “seasonality” involved in the measurement. Thus, any changes that have taken place are primarily due to market or consumer response.
The “linear” trend line is a helpful tool for visualizing the overall direction that prices have been moving over the entire time period. An upward sloping trend line indicates that median prices have risen over time. A downward sloping trend line means that median prices have fallen over time. A flat trend line indicates market stability.
Regardless, there comes a time where you must buy and sell your property no matter where you are located. When that happens you need a qualified agent to help counsel you on the best option, price, terms, listing and marketing strategy. As an Orange County Realtor it is my job to make sure you are well taken care of and informed about every step of the home selling or buying process. Let me show you how to get started on your journey. Start your Orange County Property Search here to see what is being sold at what price and contact me anytime for a Comparative Market Analysis of your property at Deepak@housesinsocal.com or call 949-748-9834 and we will get you put on the right track to get your home sold at the best price in a timely manner.
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