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When will prices again approach the 2005-2006 peak?

by Steve Harney on October 6, 2009

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Many sellers want to know how long would they need to wait to again see the prices of 2005-2006. Moody’s and Fiserv have actually studied this point. Here are the years that different states will probably return to those prices:

Before 2014

Maine
Vermont
Kentucky
Pennsylvania
South Carolina
Alabama
Alaska
Iowa
Montana
South Dakota
North Dakota
Wyoming
Nebraska
Kansas

2014-2017

Massachusetts
Connecticut
Delaware
Ohio
West Virginia
Indiana
Wisconsin
North Carolina
Tennessee
Mississippi
Arkansas
Missouri
Louisiana
Oklahoma
Texas
Colorado
New Mexico
Washington
Oregon

2018-2022

New York
New Hampshire
New Jersey
Maryland
Rhode Island
Illinois
Hawaii
Georgia
Idaho
Utah

After 2023

Virginia
Florida
Michigan
Minnesota
California
Nevada
Arizona

There are two ways to look at this data. First, if you are thinking of selling, sell now – don’t wait. The other point is, if you are buying this year, in 43 of the 50 states you could see a dramatic increase in value within ten years. I think this data can help both buyers and sellers make good decisions for themselves and their families.

What do you think?

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Steve Harney

About The Author


Steve Harney is the leading expert in negotiation and leadership training for residential real estate professionals. His 20 year history of success began as a top performing Realtor before he built his own 500 agent firm. He travels the country sharing his inspirational message with real estate professionals. Steve was also announced as one of the 100 Most Influential Real Estate Leaders in the country, as well as, featured on FOX Business News. For more information on hiring Steve to come out and speak to your organization, click here.

  • http://www.mdgoodlife.com Kate

    Steve, great info, is this an article? Where did this info come from?

  • http://www.KeepingCurrentMatters.com Steve Harney

    Hi Katy,
    The information was taken from a study done by Fiserv and Moody’s which was reported by Seeking Alpha on 9/19. There is a colored map in the October issue of Keeping Current Matters. It makes the info much more visual. Great for presentations. Check it out.

  • Michele Reneau

    Steve, Great info as always. Can I repost this on my blog? I’ll give credit back to you of course!

  • Michele Reneau

    No problem, will do! Thank you!

  • Jim Meier

    How do I print this out?? I can not highlight it and use selection. Can you you put a print this button on this postings??

    Jim

  • Pingback: The 5 Most Popular Posts of October

  • http://www.KeepingCurrentMatters.com Steve Harney

    Of course! But, please credit Moody’s and Fiserv also.

  • http://www.KeepingCurrentMatters.com Steve Harney

    You just have to ‘copy and paste’. If your computer does not allow you to do that, you have to check your computer settings because many of the readers of this blog copy it to their blog (with accreditation).

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