Everyone wants to know - which direction are we going in the real estate market... up, down, or sideways.  The answer is that it all depends on your local statistics, graphs and current level of inventory [not to mention days on the market]... but keep in mind that the reason why the median values might be trending up, is because the high-priced foreclosures are selling, not necessarily because of an increase in property value.

Here is a hotlink to an interesting article - take the time to understand the bigger picture.  If your agent is not providing you with charts, facts, statistics, and cannot tell you which way the market is trending, i.e. up, down, etc, then it is probably time to start interviewing new agents and find a pricing expert.  Some listings have been on the market for years with the same agent - hello... something just isn't right.  Read what the experts from the Wall Street Journal, the Housing Wire and Reuters are saying.  After all, you wouldn't go to a podiatrist for heart surgery, would you?

Posted by:  Carol Best | Coldwell Banker Real Estate | Licensed since 1992

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