Media price analysis shows that changes in home value often vary from town to town

Posted: Saturday, April 2, 2011 6:30 pm | Updated: 5:50 pm, Sun Apr 3, 2011.

Media price analysis shows that changes in home value often vary from town to town.

Realtors are fond of saying that all real estate is local, and a Press of Atlantic City analysis of home sales in the region shows that’s the case.

In 2009, individual municipal housing markets in Atlantic, Cape May, Cumberland and Ocean counties varied significantly in the shifts in their median home prices and in the number of sales.

Even similar and adjacent towns such as Linwood and Northfield, for example, saw substantial differences.

In Linwood, median prices in 2010 were up 4 percent from the year before, while the number of sales fell 11 percent. Next door in Northfield, prices were 11 percent lower, but sales increased 3 percent.

Median prices and sales were produced from analysis of state property records.

One Response to Media price analysis shows that changes in home value often vary from town to town
  1. Anthony
    April 18, 2011 | 5:49 pm

    For a 2009 vs. 2010 comparison of number of sales and median home prices in your town, simply call or email me. -Anthony

Leave a Reply

Wanting to leave an <em>phasis on your comment?

Trackback URL http://www.dwellinnercircle.com/housing-economics/media-price-analysis-shows-that-changes-in-home-value-often-vary-from-town-to-town/trackback/