Is the housing market recuperating? There isn’t anything obvious to confirm this thought in the real estate world, but home prices are rising in certain areas.
In the Charlotte-Gastonia-Concord, NC-SC area home prices have risen 12.2% since the beginning of 2010. This is great news for anyone who has bought a home in the area in the last year. With the median home price being $$195,000, owner’s homes have gained value over the last year. This is not the case in all areas of home prices.
I will give you a quick rundown of the areas where home prices have gone up and then will compare them to the areas where home prices have declined over the last year. See which category your buyers fall into if you have sold a home in the last year.
Coming in second to the Charlotte area is Buffalo, Niagara Falls, NY. The prices of homes here has risen 10.8 % in the last year bringing the median home price to $118,100.