Friday, November 17, 2006

Home Price Increases by Metro Areas

Do You Really Know Your Market?

In these changing market conditions it’s vital to stay on top of pricing in order to make the most informed recommendations to your sellers and buyers. The headlines are full of “the market is crashing” type articles that glum onto one or two negative national statistics. You need to be able to sift through the frenzied media to find local, relevant information to look for trends in your market.

Look for your price ranking among the 270 Metropolitan Statistical Areas (MSAs). Maybe your market will be among the top 20 with highest appreciation. You might be surprised where they are.