You’ve waited and waited. Now you’re
wondering if this is your year to make that real estate purchase at
last. What will the rest of 2006 hold? Fortunately for you, the
experts have made their forecast, and against all odds, the market
might remain stable this year.
The National
Association of Realtors expects national sales to drop 3.7%, which
would still make 2006 the second best year ever (after 2005). They
still expect median home price to increase by 6.1%. The California
Association of Realtors expects California sales to decline by 2%,
and for median home price to increase by 10%. Last year, however,
both parties were wrong when national sales rose 4.7% and the median
national home price rose 12.7% to $208,800, and in California sales
rose 1.8%.
The San Diego County Real Estate Report
predicts that sales will be stable or decline slightly, and the
median home price will gain 5%. Since the median for 2005 was
$575,000, that would mean prices would rise slightly to $604,000 over
the course of the year.
For more San
Diego County statistics, see http://rereport.com
Discover San Diego Hotels