Some markets may see price changes which are more significant, however it would likely be in a market where prices were inflated in the first place. For instance, in Elmira, New York, prices are down 17.9%, in Palm Bay Florida, down 15%. The market is experiencing a “correction” as a result of the obvious inflated appreciation that markets may have seen over the last two years.
There are also some markets who have seen increases. Allentown-Bethlehem-Easton PA-NJ saw an increase of 12.8% for single family homes. Binghamton, New York also saw an increase. For additional market information, click here.
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