Home Price Trends for Mercer County
Writing by Ryan on Tuesday, 26 of February , 2008 at 8:04 pm
Prices should be stable and flat for a while. It is essential for the price of a home
to be just under market value to sell quickly. Remember you want to stand out
from the competition and do not want to make any more mortgage payments by
having your home sit on the market. Most homes usually end up selling 93%
of the asking price.
Based on information from TReND for the period Q4 ‘06 through Q4 ‘07
Google Trends

This is Google Trend’s search volume for the keywords ‘Real Estate’. The activity
of online seekers spikes right after new year. If you look at the trend of search volume
vs the news volume these are buying indicators. This is mainly due to the mortgage
issues with homeowners. This is where deals are made!
Even on a national level:

These are healthy price corrections for these Metro cities.
Contact me at RyanHilario@gmail.com if you have any questions
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Category: Today's Post, Real Estate, What's Happening
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