Selling My Home

home valuesMedian existing single-family home values are moving higher in much of the United States, increasing 6.2 percent in the second quarter of 2017 compared with the second quarter of 2016, to $255,600, according to the National Association of Realtors. The strong job base and attractions to out of state visitors is one thing that has kept most of the New Mexican real estate market and home value prices steady. The uniqueness of the area keeps home value averages high, and the first quarter of 2007 saw many higher priced homes sell – so that the median home value in the beginning of 2007 was almost $520,000.

At the end of 2006, the median value of homes was about $279,400, a 1.7{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} increase from a year ago. The number of renters is growing three times faster than homeowners as would-be homebuyers increasingly are priced out of the market. Lord knows how many real estate agents I have talked with about real estate values who’s numbers were far less accurate than Zillow-but real estate agents get to toss around numbers and never provide any information on their accuracy track record.

Before they estimate a price, let’s check it out, Zillow. Be it on a waterfront, on a mountain view, or even in a city setting – prices can largely depend on the house’s site. Home values rise 0.55{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} nationally, with a 2.95{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} year-over-year increase, according to the Quicken Loans HVI.

The city has weathered the recent recession-caused retrenchment in housing prices, and strong sales have sent the median home price soaring well past the level reached during the pre-recession housing bubble. From a sellers perspective, the site is excellent because the better a property looks online, the greater chance a buyer will be picking up the phone to schedule an appointment with their real estate agent.

House prices declined until the mid-20th century relative to incomes. Steadily, median prices of existing homes have continued to climb. So many varied employment opportunities has led Kansas to a stable real estate market, with home value averages steadily rising.