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Change in Home Sales By Price Point [INFOGRAPHIC]

Sales by Price Points


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16 replies
    • Steve Harney
      Steve Harney says:

      Hi Andrew,

      Keeping Current Matters is a website that attempts to keep real estate agents current on what matters. Any data you find here is the most current data available. This InfoGraphic comes from the latest Existing Homes Sales Report from NAR (attribution in the bottom right corner).

      We wouldn’t post outdated material. Our offerings will always cover the most current statistics available.

      Reply
  1. Mr. Krispy
    Mr. Krispy says:

    While I appreciate you passing along data that may be helpful, this data means very little at the local level. It would be far more meaningful if the data was broken down by metropolitan area or region. It would be even more enlightening if the information was specific to Realtor Boards but I know that would be difficult for your organization to do without compensation. Perhaps there is a subscription based opportunity for you to parse sales data at the board level and sell it to brokerages, agents and other interested parties.

    Reply
    • Steve Harney
      Steve Harney says:

      Good point! We do offer a subscription service that breaks down real estate trends at the National & Regional levels which you can review at Keeping Current Matters.com

      Companies like CoreLogic do offer services that drill down to the ultra-local level if you are interested.

      Reply
  2. Chip Wagner
    Chip Wagner says:

    I love the positive news. I assume this is “sales volume” – not “average sales prices.” I worry that the common person may think the number is price increase, and if so, this information in this format may be misleading. This is because what is actually happening in the market recovery is as home values increase, they are moving to the next price bracket. For example, a year ago, the price of a home was $235,000 and today it is now $255,000, it jumps from the $100-250K Bracket to the $500-750K Bracket. That is why the bottom bracket under $100K shows a decline, they are moving up to the next price bracket. Good news nonetheless, just be clear on how it is presented!

    Reply
    • Steve Harney
      Steve Harney says:

      Hi Chip – Actually, it is the percentage increase in the NUMBER of sales in each price point. Your explanation is right on about the lower prices. Values have increased so there is less inventory at the lower prices.

      Reply
    • Steve Harney
      Steve Harney says:

      Carol – This is from NAR’s Existing Home Sales Report which covers the entire country. Individual markets will differ. The takeaway is that homes in the higher price ranges are beginning to sell in increasing numbers.

      Reply
  3. Gregg
    Gregg says:

    These stats are too general, are these not the type of data that got us in to the housing crisis in the first place? Are these not the type of data that Sellers but stock in??- Verify before you trust. every neighborhood is different ask a local professional.

    Reply
    • Steve Harney
      Steve Harney says:

      Gregg – We couldn’t agree with you more that buyers and sellers should deal with local real estate professionals before making a buying/selling decision. We here at KCM are dedicated to helping real estate agents become those local market experts.

      However, we disagree that an abundance of information lead to the housing crisis. We believe the exact opposite: the LACK OF good, accurate information prevented consumers from making good decisions prior to and during the crisis.

      Reply

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