I just removed last week’s poll and put up a new one. Last week’s results surprised me in that I expected readership to take a gloomier view than they did.
Yesterday, the Oregonian ran a story titled “What can I get $285,000 ?” by Connie Potter. Most of the data is from the latest RMLS market action”. She says:
The median price of a home in April was $285,000, up 5.75 percent over a year ago when the median price was $269,500, according to RMLS data. That means of all the homes sold in March, half sold for more than the median price and half sold for less. Year over year, the median sales price jumped 11.2 percent over the 12-month period ending in April 2007 compared with the same period ending April 2006.
We’ll have to revisit the poll results at the end of the year. In my opinion, if we can get to September with prices up over the previous 12 month period, we’ll see a positive overall 2007 as it was the end of last year where the market started to take a beating.