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Esteemed Contributor
Posts: 5,050
Registered: ‎03-15-2021

Are Home Prices Stabilizing in Your Area?

Home prices are still rising here, but I am currently in a vacation area in New Mexico. Often I have noticed trends begin on the two coasts and work their way toward the interior states. I was wondering if prices have stabilized in the coastal states or anywhere else for that matter.

Honored Contributor
Posts: 36,947
Registered: ‎03-10-2010

Re: Are Home Prices Stabilizing in Your Area?

I think the boom has backed off a little bit.  I see houses stay on the market longer and some are dropping prices a little.

Honored Contributor
Posts: 21,665
Registered: ‎03-09-2010

Re: Are Home Prices Stabilizing in Your Area?

Prices remain high, but some of the shabby houses stay on the market longer. 

Valued Contributor
Posts: 962
Registered: ‎01-03-2011

Re: Are Home Prices Stabilizing in Your Area?

Still high where we live in CT and inventory is low.  Our next door neighbor's house just sold in one day.

Honored Contributor
Posts: 40,889
Registered: ‎05-22-2016

Re: Are Home Prices Stabilizing in Your Area?

Home prices here in Colorado are still high and rising. A regular person cannot afford to buy or even rent here any more. There was a peaceful demonstration on our city courthouse lawn last week. People are fed up with the high cost of housing. They were demanding that the city start building affordable housing. It's out of control.

Esteemed Contributor
Posts: 6,261
Registered: ‎05-24-2010

Re: Are Home Prices Stabilizing in Your Area?

They have not stabalized at all in my area (east coast). I live in a pricey area, and the homes currently on the market are the highest I have ever seen, and they are selling!

Respected Contributor
Posts: 2,810
Registered: ‎03-11-2010

Re: Are Home Prices Stabilizing in Your Area?

According to my newsfeed, prices are topping off and expected to go down.  As far as my area, houses are still high but will probably come down a little.  Will have to wait and see how much.

 

Land never seems to lose value here, it remains the same or goes up. Even when the RE crash happened 13 yrs ago, land here never really went down by much. 

 

 

Honored Contributor
Posts: 16,660
Registered: ‎05-18-2017

Re: Are Home Prices Stabilizing in Your Area?

No stabilizing in my area.  Unless you can afford to pay over the sales price/appraised value, you won't be able to win the bid.

Respected Contributor
Posts: 3,080
Registered: ‎04-25-2020

Re: Are Home Prices Stabilizing in Your Area?

They are still selling like hotcakes here.  On the market for a few days, then the little SOLD shingle gets attached to the realtor's sign in the yard.  Prices are still high, too.  This is in SE Florida.  🏡

I would give everything I own just to have you back again.......David Gates of Bread
Honored Contributor
Posts: 15,641
Registered: ‎05-01-2010

Re: Are Home Prices Stabilizing in Your Area?

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We keep getting cards with a picture of our house and saying name a price and if we agree we'll give you cash as is. Of course they will not be handing over millions for our home but we never have been inundated with these cards before. Usually it's just some add from a realtor asking if you want to sell. This is in southern NY state. ETA I don't see people moving from around here. It must be from the city.