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Tuesday, March 25, 2008

How Much Can I Get For This House?

Now is not the time to insist on asking $10,000 more for your house than your neighbor got for his last year. Asking prices dropped or were stagnant last week in more than two-thirds of the nation's 55 metro areas, according to new numbers from HousingTracker.

Inventory, meanwhile, continued to climb in more than 75 percent of those markets.

Here's how things look in the Bay Area where we live, where asking prices are starting to inch up:

Trend03/24/20081 mo3 mo6 mo12 mo
Median Price$519,898+0.2%-3.5%-13.1%-13.4%

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