Showing posts with label home pricing. Show all posts
Showing posts with label home pricing. Show all posts

Tuesday, July 26, 2011

Newer Owners Tend to Price Their Homes Higher When Selling

In a study reported by Zillow as relayed by the CRS magazine "Member Connect" a weekly CRS update page,Current home sellers who purchased their homes after the housing boom overprice their homes at a higher rate than those who purchased before or during the boom, according to a recent Zillow survey. Home sellers who purchased their home in 2007 or later overprice their homes by an average of 14.1 percent while those who purchased a home before 2002 price their homes approximately 11.6 percent over market value. Those who bought between 2002 and 2006 price their homes 9.3 percent above market value.

 Here is a link to the rest of the short article.