Fernley Homes and Real Estate Market Report August 2011
By Sandra Mathewson, CRS, CLHMS, ABR, SRES, GRI, CDPE, PSA, SFR, CNHS
(RE/MAX 4000)
Fernley Homes and Real Estate Summary: Fernley prices continue to stabilize, this paired with the fact that median sales prices are up and continue to settle indicates we just may be at the bottom. Of course market conditions will continue to be influenced by high unemployment. Although there are media reports of a 'double dip' recessiion, the current median sales price and historic low interest rates make this a good time to buy, especially for those that have been on the fence. Fernley Homes Median Sales Price August 2011 median price increased 17% to $100,000 compared to $85,565 in July 2011. The median price is down 3.6% from the prior August. Median price is defined as the mid-point, where, for the time period identified, the price for one-half of the sales are higher and one-ha...
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