I think it's the big expensive houses driving the average around. That's always the case. All I know is that I just saw a comparable house to my rental property sell for 20K higher than I bought mine. I bought my house at the beginning of June. I really didn't expect prices to climb through the summer, though. It usually slows down about now.
I'm really curious to see what's going to happen next spring. I can already hear cash registers going off in my head.
If anyone's curious, I had 75 people go through my house in the last 2 weeks when I advertised that I needed a renter. Crazy.
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