Posted by writer in Realtors

Q: DEAR BOB: My wife and I are considering selling our home. We have noticed that the median sales price of houses where we live has declined about 3 percent in the past 12 months. However, before that, home prices were going up 5 to 11 percent annually. We would hate to lose our equity by not selling now. But then she brought up the question of where we could move, as we are not yet ready for the “old folks’ home.” How important are these sales statistics? — Gabe R.

A: DEAR GABE: Sales statistics can be very misleading. Median price means an equal number of homes sold above and below that amount.

No comments yet.

RSS feed for comments on this post.

Name (required)

Mail (will not be published) (required)

Website

 
 

You must read and type the 5 chars within 0..9 and A..F, and submit the form.