Sale Volume up Across Nation
January 16, 2009 by admin
Filed under Positive Real Estate
Home prices are still dropping but volume of sales is rising. The question remains when will supply and demand reach equilibrium?. Soon says some. From Forbes by way of Realtor.com: Las Vegas real estate properties are down 28% in price, but sales of homes are up 15%.
“By the end of 2010 – that’s where we’re calling the bottom in the forward market. You’re going to get a small price appreciation in 2011,” says Patten. “It’s not like the turn is 10% per year, it’ll be something like 3% or 4%.”
Cities that are experiencing this paradoxical price to volume counter relationship and that should be out of recessionary pricing soon.
- Las Vegas
- Sacramento, Calif.
- San Diego, Calif.
- Los Angeles
- Detroit
- Phoenix
- San Francisco
- Washington, D.C.
- San Jose
- Atlanta
