I definitely do hesitate to give sellers the idea that prices are going up, because I don’t think they are at this point. I think that sellers will literally shoot themselves in the foot if they don’t price competitively right out of the starting gate. All it takes is a couple of bank-owned properties hitting a neighborhood “under market” to put a lot of downward pressure on prices.

I was only forced to note the price increase when I compared March 2007 to March 2008 in the table above. I was actually shocked, because I didn’t expect those kind of numbers. I don’t expect it to continue like that, however, as I think I tried to convey in my post.

I appreciate you stopping by and commenting. The opinion and insight of other professionals is always welcome and valuable.