Positive Home Pricing News
Let’s talk about home prices for just a minute. The Case-Shiller home price index measures 20 markets across the nation to determine home price direction. On a national basis, the home price index shows that home prices are under great pressure – down 5.1 percent nationally from a year ago and concerns for a double-dip in home prices are now at the forefront of the national housing conversation.
Here in the parts of the Triangle – according to the Triangle Multiple Listing Service, while home listings and closed sales have decreased, home prices have actually increased. Yes, I said increased. Data from across the Triangle shows that both median and average sales prices have risen for April in year over year data – 0.2 and 0.6 percent respectively.
- courtesy of wral.com