While prices have increased nationwide, this is very apparent in Mercer County for June. Take a look at the numbers on my recent blog about the Real Estate Market Statistics.
According to Clear Capital's latest Home Data Index (HDI), federal homebuyer tax credits magnified springtime price gains as national quarter-over-quarter price increases reach 5.2%; year-over-year prices up 8.8%.
"Price trends nationwide have a seen a considerable upswing driven in large part by the flurry of recent sales attributed to the tax credit and springtime buying activity," said Dr. Alex Villacorta, Senior Statistician, Clear Capital. "This month's national quarterly gains are certainly a positive sign that many markets have responded to the tax credit incentive, but overall markets remain volatile as evidenced by the six month price change keeping mostly flat."
National / Four Region Overview: Across the U.S., home prices posted 5.2% quarter-over-quarter gains, placing prices firmly 8.8% above levels experienced one year ago. Regionally, the Midwest and South saw the largest quarterly price growth, while the West and Northeast show more stable quarterly gains.
Home prices across the nation made strong moves in a positive direction. Thanks to an increase in springtime sales and the continued residual effects of the federal housing home buyer tax credits, all four regions posted positive gains. Across the U.S., home prices rose 5.2 percent this quarter, bringing the nation back to within one percent of last fall's levels and placing prices firmly 8.8 percent above levels of a year ago. Regionally, the Midwest and South saw the largest quarterly price growth, while the West and Northeast show more stable quarterly gains.
If you want a current real estate market analysis of your property, just call or email and let's see what your home might sell for this summer.
Joe Giancarli, Sales Associate
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.newjerseynewhomes.blogspot.com/
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