Making sense of the market data and media reports

The news reports certainly paint a discouraging picture of the housing market.  Even if we’re not currently considering a move, for many of us our homes are our single most valuable asset.   I believe that is one reason the health of our nation’s housing market is so important to us.  I also believe that it is also the reason the news outlets broadcast reports daily.  For most Americans owning a home truly is the American dream.  Consider this– forecasting national housing market trends is similar to forecasting the national weather. Just like the weather, real estate is local.  Did you know, for example, that while the total number of single family homes sold in Andover and North Andover this year compared to the same time period last year is fewer the median sales price of homes sold in Andover is holding steady at $550,000 and has increased from $494,000 to $500,500 in North Andover?   For the best local and up-to-date information on your neighborhood contact me. I can help you sort through the conflicting news reports and help you determine the true value of your home or home purchase.