Campbell Single Family Home Prices Remain Stable

Everyone wants to know "how the market is doing." This is especially true for home owners who have been nervous for several years now.

The chart (attached to this post) shows single family home price growth starting in 1998. You can see the boom starting in 2002 and, running until 2008 when there is a significant drop in median home price values. 

What we see after the "Great Correction" is stability. In this case, it means median home price values are trending within a comfortable range.

It is important to note there that well trained Real Estate Professionals (and, Realtors) all understand median home values are not terribly helpful in determining the value of a home. In the current example, what we can take away is that there is a healthy trend-line and that "stability" is the word to keep in mind.

Source: MLSListings

~~~~~~~~~~~~~~~~~~~~~~~~
Louis Stone-Collonge

Keller Williams Realty Silicon Valley
Email: louis@stonecollonge.com
Twitter: http://www.twitter.com/stonecollonge
Facebook: http://www.facebook.com/louisrealtor

DRE# 01799158

The opinions expressed here are the blogger's and not necessarily those of the local editor's or anyone affiliated with Patch.