I noticed after the new year people who didnt sell have raised their prices. Not sure the logic behind that one. If you cant sell it at a lower price why raise it. Most of our homes are preforeclosures so prices are way down, great for buyers in Orlando.

Wow! I can't explain that one, unless the sellers switched listing agents because the listing agent convinced the seller the house was undervalued? But if it was undervalued, it would have sold. "Illogical" as Spock would say.

Joe

The Dallas market had a 5% increase in average sales price in 2007 over 2006.  I show buyers this information and they still tell me that they want to wait for prices to come down... it's NOT gonna happen!

SHHHHHHHHHHH! Don't let the media know, God only knows what would happen.

Agreed.

It goes from market to market.  Our numbers are down in the actual number of units sold but compared to last year, many local markets are still showing appreciation and prices just a tad higher than last year. Some as low as 2-3% and some as high as 12% over last year.  Even at the 2%, prices are still rising just a bit. We can live with that.

Somehow, I do not believe this list.  White Plains, Westchester, I live in the County not true.  Where did they ever get these numbers.  FYI, I just got off the phone with my niece, who has a Classic six (large) New York Coop on the market.  Three weeks, 50 lookers, no offers and it is not overpriced.  The sky might not be falling but there is a wait and see attitude here.

Renee - every market is different. Even if the state or county is showing a price incerase, it doesn't mean there are no declines within the larger market. The opposite is true as well - there are areas of appreciation within states that are showing declines. There is an area within 5 miles of my home that is experiencing higher prices while we are experieincing lower prices.

Joe