What Price Range of Real Estate is Selling?
At the risk of appearing redundant … the April real estate market report indicates that yet again the $200,000 and under price point is our big mover and shaker, followed by the $200-400,000 price point.
The sell off of excessive inventory has caught up in the entry level area. Supply has dwindled and prices have stabilized and in some instances gone up a small amount. While the home buyers tax credit fueled some of the purchases, low prices inspired the majority of sales.
Any real estate is saleable when it reaches a price that buyers like. The buyers really liked our real estate prices this season.
If you’re curious what price point of real estate sold last couple of months, read also: