The real estate market has been very busy over the last year and a half. As the economy has stabilized, home sales have increased. This means that more people are looking to buy homes. This also means that there are more buyers and sellers in the market.
As a result of this, house prices have increased. But, what does this mean for you? In this article, we will discuss how the increase in house prices affects you as a buyer.
First, let’s look at the current situation. According to the National Association of Realtors, the median price of a single family home in the United States was $173,900 in August of 2010. The median price of a condominium was $219,000. The median price of a townhouse was $222,800. And the median price of an apartment was $165,000.
These numbers were the same in 2009. The difference between the median price of a home in 2009 and 2010 is only $20,000. So, it seems that the housing market is back on track.
However, it doesn’t end here. According to the National Association Of Realtors, the median sales price of a home in the U.S. was $210,600 in July of 2010. This represents a 7% increase from the same time last year. This means that the market is growing.
So, now that we know that the market is growing, we need to find out how it affects us as buyers. As a buyer, you want to make sure that your house is worth what you’re going to pay for it. To do this, you can look at the list of homes for sale in your area. You can also go online and search for houses that meet your criteria.
If you are looking for a new home, you may want to consider a fixer upper. These homes are usually older homes that need some work done to them. If you choose to buy a fixer upper, you will need to make sure that you get a good deal. This means that you need to negotiate with the seller.
If you are buying a home, you should be aware that there are many different things that affect the price of a home. These include the size of the home, the type of neighborhood, the amenities of the neighborhood, and the location of the home.
In conclusion, house prices have increased. This means that you will need to be careful when buying a home. Be sure to check out the market and look at the homes for sale before making a decision.
