As I always mention in my seminars, what's happening in your local real estate market is based on location (including the micro concerning neighborhoods) and price point/TIERS. Although this graph could be considered "old" since it only goes up to Jan 2019, it is still a good indication of the market overall and where it may be headed.
**Price Index: Percentage number that shows the extent to which a price (or a 'basket' of prices) has changed over a period (month, quarter, year) as compared with the price(s) in a certain year (base year) taken as a standard. See also consumer price index.
** Source: businessdictionary.com
Crissi Avila will teach you how to buy smart. We’ll look at location, development, and turnover so you can spot opportunities long before most even start considering them.