Eye on the Market (Aug. 2006)
With the median price of a home being $783,400., as of September 2005, and the current median sales price in Brisbane being $895,000., there has actually been an increase of almost 9% in market value.
The National Association of Realtors along with the San Mateo County Realtor Multiple Listing Service have generated reports that allow us to compare what appears to be a sluggish market this 2nd quarter of 2006, to the third quarter of 2005.
With the median price of a home being $783,400, as of September 2005, and the current median sales price in Brisbane being $895,000, there has actually been an increase of almost 9% in market value.
However, the average time on the market has doubled. The apparent sluggishness of today's market shows itself mainly in number of days on the market, with the third quarter of 2005 being approximately 33 days compared to today at an average of 66 days.
Call or email us for a free market evaluation of your home.