More good new for home buyers – housing prices continue to fall. The median price for July was $171,000. That’s a drop of 18 percent from last year and 27 percent from 2007.
Median price is taking a hit form the large number of foreclosed properties on the market. The number is lower than earlier this year – but is still higher than we’d like to see.
For more info check out the Star Tribune.
Submitted by exclusive home buyer agent, Mary Rugani