The Law Office of Michael E. Ripley

Exceeding Expectations

US Home Prices Have Leveled Off

According to the Union Tribune newspaper (June 12, 2014) home prices have leveled off across the county. Although the median price for homes sold in the county is now $440,000.00, a seven year high, we are now seeing the lowest year-over-year appreciation since August, 2012. By historical standards, inventory of homes for sale is still low, now being 7,000 active listings, below since March, 2012.