I don't know about you and your market - but in my market - things are finally starting to look up - just a bit, but I will take any hint of positive movement!
A report in our local paper is pasted below - it is encouraging! Hope your markets are doing the same!
Fredericksburg-area housing prices rose in August to their highest point since before Lehman Brothers collapsed in September 2008.
The median sales price for a home sold through the Multiple Listing Service locally was $234,000, according to Metropolitan Regional Information Systems data released Monday. That was up about 19 percent from August 2011.
Though it was the highest level since August 2008, the region’s median sales price is still down about a third from the 2006 peak.
The housing figures are the latest piece of positive economic news for the region, which includes Fredericksburg and King George, Caroline, Stafford and Spotsylvania counties. Last week the Virginia Department of Taxation reported that taxable sales in the area rose to their highest level in almost six years for the three months ending June 30.
There were 343 homes sold through the MLS last month in the Fredericksburg area, down about 2 percent from August 2011. Government-backed financing was used in about half the sales. Six of the total sales were for $500,000 or more, and 311 of them were detached houses.
There was about a four-month supply of homes on the local market at the end of August. That’s considered a healthy balance between supply and demand.
Local homes spent 67 days on the market before selling on average, and sold for about a 5 percent discount to the list price.
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