Quote:
Originally Posted by AFireInside
Over the past year housing prices are down a considerable amount. They always, ALWAYS increase in spring and summer. So saying that housing prices have crept up a little is very common at this point in the year.
The real test is the fall/winter. If they don't go down much during that time frame then it's likely that housing prices will remain stable or increase. I'm not putting my money on that however. Will be interesting to see what happens between now and December.
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There's been zero build-up in listings over the summer, and the listings-sales ratio is still really low (like 2.5 months inventory), so I am pretty confident that prices will hold through the winter. That doesn't necessarily mean prices will go up in the spring., though.