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Real estate brokers find home prices up in 2011

Posted on June 29th, 2011 No Comments

Real estate brokers in the U.S. have found that, while the number of homes sold since the recession has been low, the prices of the homes that are sold are steadily increasing, which is good news for the real estate industry.

In May 2010, the median price of a home sold was $375,000, which was up 7.14 percent from previous years. The average price of a home sold was $432,829, which was up 5.4 percent from previous years. According to Susan Taylor, a real estate broker from Virginia, people are putting down 30-40 percent of the price of homes when purchasing them.

Real estate brokers such as Taylor are expecting home prices to continue increasing in the later months of 2011. While the first few months of 2011 were slow due to buyer uncertainty, April and May showed increased home sales and prices.

One of the most important aids to selling a home is putting on a professional showing. If you are a real estate agent who is putting on a showing, the Arlington make-ready specialists of WOW Total Cleaning can help you set up a beautiful and professional showing. To learn more about the services we provide, please call 817-239-9441.

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