LoCo Seems Drama Free, Stable For Now

Single Family Home Median Price

[altos_regional_chart regionId=”49461971″ rt=”sf” ra=”a” q=”a” left=”price” size=”m” timeSpan=”e” endDate = “2009-10-23” /]

Condo/Townhome Median Price

[altos_regional_chart regionId=”49461971″ rt=”mf” ra=”a” q=”a” left=”price” size=”m” timeSpan=”e” endDate = “2009-10-23” /]

Inventory

[altos_regional_chart regionId=”49461971″ rt=”sf,mf” ra=”a” q=”a” left=”zip_region_inventory” size=”m” timeSpan=”e” endDate = “2009-10-23” /]

It’s easy to get caught up in the weekly fluctuations of the market, but even with those steep ups and downs in the charts, they still only represent a small swing in pricing. Overall, the median price of single family homes in LoCo is within $5,000 of where it was in February, after trending up for a bit and swinging back down again.  Median price of condos/townhomes, meanwhile, is basically at the same point as in February.  I would have expected to see a bigger change on the inventory charts, but we are only down about 10 percent since the start of the year. At this point everything seems very status quo; homes are continuing to sell, and prices aren’t dropping.  I’m always interested to see what happens as winter rolls into spring; maybe this year we will get back into our usual cycle of gentle appreciation and a true spring market. (I can hope, right?)

Cheers,

Heather

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Michael and Heather Elias are full time real estate professionals and licensed REALTORS at Century 21 Redwood Realty. They sincerely hope you enjoy reading this blog, and would love the opportunity to work with you.



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