Cheap Homes Still Flying Off the Shelves

PRINT     E-MAIL STORY    SHARE

FACEBOOK

REDDIT

NEWSVINE

DIGG

DEL.ICIO.US

BLINKLIST

A nice gal from Time asked me to update the January study in which I compared year-over-year price and sales volume changes for expensive versus inexpensive zip codes. The summary of the updated outcome can be found in the table to the right, with more details available here.

In short, the situation hasn't changed a whole lot: high-priced zip codes have on average experienced more muted median price declines but stagnant sales, while the least expensive zip codes have taken bigger median price hits but enjoyed a huge increase in sales activity.

-- RICH TOSCANO