Now that the crazy 2012 election season is finally over, it is time to move forward with strong hopes and dreams that our elected leaders can find a way to compromise and move this country forward. A few weeks ago, the Chairman and Co-Founder of RE/MAX, Dave Liniger, wrote an open letter to both President Obama and Mitt Romney asking them to "Let Housing Lead The Recovery" and also expressing his disappointment with the lack of discussion about housing in the 3 presidential debates. Read the letter and see if you agree with Mr. Liniger.
While the housing market has continued to show signs of improvement nationally and locally in 2012, there is still a long way to go to get to a place of stability and strength. The content found in the Zillow Home Price Expectation Survey shows that prices may only rise from 2 to 3.5% per year over the next few years and that varies depending on what part of the country your home is located in.
In Plymouth (according to data posted in the MLS Property Information Network), there have been 497 single family homes sold from January 1, 2012 through November 7, 2012 which is up 17.7% over the 422 sold for the same period in 2011 with the median sale price being $282,500 up 2.7% from the 2011 figure of $274,950. These numbers are encouraging, yet a far cry from the 2004-2005 highs.
So, as we approach the end of 2012, we look ahead to 2013 with a cautiously optimistic eye toward even better news for the real estate housing market. I hope the President sees it this way too!