The Tuolumne County Association of Realtors has just posted the statistics January through June 2008, 2007, 2006 for comparison
2008
Residential
Sold - 202
Avg. Price - $324,079
Median Price-$287,000
Avg. Days On Market - 149
2007
Residential
Sold - 263
Avg. Price-$371,896
Median Price-$331,000
Avg. Days on Market-144
2006
Residential
Sold - 308
Avg. Price - $382,357
Median Price - $347,000
Avg. Days on Market - 134
2008
Land
Sold - 40
Avg. Price - $166,925
Median Price - $148,500
2007
Land
Sold - 38
Avg. Price - $243,723
Median Price - $172,000
2006
Land
Sold - 72
Avg. Price - $229,396
Median Price - $140,000
It goes without saying that we are still in a Buyer's Market here in Tuolumne County, but the "bargains" may not be around forever. Keep in mind that the interest rates have been increasing slightly, and the experts will tell you that when the interest rates begin to climb, the Seller's Market won't be too far behind. So, if you've been putting off that home purchase, thinking that prices will probably go even lower, balance that with the increase in interest rates, and NOW might be just the perfect time to buy.
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