Prices Rebounding, GOOD BUYS REMAIN HOME PRICE FORECAST RE/MAX agents surveyed predict that home prices will remain stable or climb higher in 2012
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PERCENT OF AGENTS WHO SAY PRICES WON’T DECLINE
GOOD VALUES On average, today’s sales prices remain 29% below the peak reached before the housing downturn, agents say.
“Prices have increased by 15% in the past four weeks due to high demand in the face of low home inventory.” Tony Barberi RE/MAX Execs Manhattan Beach, CA
”You can buy a ‘fixer upper’ foreclosure for 30-40% below market value, fix it up and still have equity in your home.” Niki Frieler RE/MAX Results Plymouth, MN
“Both the number of buyers and the price which sellers are getting are noticeably higher in the Lehigh Valley market.” Lisa M. Hoffman RE/MAX Central Center Valley, PA
“There is a lack of low- and midrange inventory, and it’s very common to get into multiple offers on foreclosures.” Kim Clayton RE/MAX Center Duluth, GA
WHAT THEY’RE BUYING AND PAYING Percent of agents who say demand is “Good” to “Very good”
WHO’S BUYING First-time buyers
Other
Owners downsizing or upsizing
Investors Second-home buyers
Agents say 1 in 5 buyers pays cash with an average cash discount of 15%
Percent of agents who say sellers are getting “Slightly less” to “Full price”
BUYER PRIORITIES Lowest: Public transportation Walkability Energy efficiency
Highest: Quality of schools Condition of home Size of home
LE RD U H
S UYER B G CIN S FA
e hom ore ent r it sc r cu cred g e l n lli tab Se cep t Ac men y pay n ntor w nve i f Do o ck La
March 2012 online survey of 1,022 RE/MAX agents specializing in residential real estate. ©2012 RE/MAX, LLC. Each office independently owned and operated. 120305