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68% of REALTORS® Continue to Report Rising Prices

Home prices are still broadly rising. Approximately 68 percent percent of REALTOR® respondents reported that the price of their “average home transaction” is higher today compared to a year ago (same as in May), according to data from the June 2014 REALTORS® Confidence Index. About 21 percent reported constant prices, and 11 percent reported lower prices. Tight inventory has sustained prices and has encouraged more home selling, but it has also made homes less affordable in an economy where incomes and jobs are expanding modestly.

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  1. Though the lack of inventory still persists and that the prices in many areas have passed the 2007 peak, the August report suggests a bit of a cooling: Across the board Marin Single Family Homes active, pending and sold inventories decreased in July…
    http://www.marinhomelistings.com/Communities/Monthly-Market-Report/Marin-Market-Snapshot-July-31-2014