According to Trulia, a popular real estate marketing website, asking prices for homes are on the rise. Last year at this time, listing prices were 2.3% lower than what they are today. This is the biggest jump in pricing that the real estate market has seen since the catastrophic housing market recession began. The rise in asking price of homes for sale rose 0.8% between July and August, which marked the 7th straight month of price risings.
Areas with the biggest increases in asking price since last year include:
Fort Myers, FL.
West Palm Beach, FL.
San Jose, CA.
Orlando, FL. and
Las Vegas, NV.
This continuous and steady rise in the asking prices of homes for sale is a sign that the housing market is on the road to recovery!
For more information, visit Trulia.com or Inman News for the full article.