The numbers for the June real estate market is encouraging for both Riverdale Park and University Park.
Sales and prices are both up, even though July is usually vacation month for real estate. But, if all the "under contracts" homes settle in July, it should be another good month.
From what I have been reading in the trade journals, the economist are predicting a housing recovery toward the end of the year and into 2012.
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They don't predict that prices are going to go sky high, but should be in the positive range.
Riverdale Park:
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Type of Home Listing No. of Homes Low Price High Price Median Price Sale 14 $80,000 $435,000 $150,00 Under Contract 7 $80,000 $137,317 Sold 4 $130,000 $342,450 $144,000
University Park:
Type of Home Listing No. of Homes Low Price High Price Median Price Sale 7 $230,000 $574,999 $289,000 Under Contract 6 $152,500 $299,500 Sold 4 $295,000 $515,000 $423,750Be sure to check back each Friday when Patch lists the open houses for the weekend in the House Hunt feature.
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