Apr. 12, 2009 - 10% Increase in Sales Price as % of Assessed Value

In the chart below you can see that at the very end of 2008 these homes were selling at an average of 91.8% of the new 2009 Assessed Values. I removed the high and the low % and averaged the remaining 8 homes.

The homes that closed, in the same area, At the end of March and early April, which would reflect actions taken for the most part AFTER the $8,000 Stimulus Credit was passed, the prices jumped to an average of 100% of the 2009 Assessed Values.

More on this in the next post showing the closings between these two time periods, and just before the credit was passed.

(required disclosure) Information in charts is not compiled or verified by NWMLS.