Median Sale Prices through March 2010

There are seasonal fluctuations in the median sales price for homes. However, it is pretty clear from the data as well as our direct experience with the market that the bottom of the market passed in late 2008 and early 2009. Buyers should not see a decrease in the value of their home after they buy. Sellers are feeling more comfortable putting their homes on the market in an improving/stable market rather than a decreasing market. Interestingly, we've been seeing less problems with appraisals as well - they seem to be appraising at the higher contract prices.