According to Zillow.com “Flat is the new Up” in a real estate market during a recession, but some rare communities (just 11 of them nationwide) are actually increasing in value. Announced on Good Morning America yesterday, Zillow ranked the Top 10 Places to Sell a Home and our fair city came in at number four. Their stats –
- Median Home Value: $ 318,900, up 2 percent from a year ago.
- Property values are up 2 percent compared with five years ago.
- 61 percent of homes are increasing in value
- 85 percent of homes were sold for a gain
Who else made the top 5?
- Fayetteville, NC
- Washington, DC
- Oklahoma City, OK
- Boulder, CO
- Yakima, WA
Read the full article at: http://abcnews.go.com/GMA/story?id=8297795&page=1
Watch the story at: http://abcnews.go.com/video/playerIndex?id=8300352
Posted by elephant’s Realtor, Liz Benson