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House Hunt: Prices Starting to Edge Upward

Price indexes rose 0.8 percent in April

According to the Wall Street Journal, home prices edged up in April 2011.  The Federal Housing Finance Agency's House Price Index – a measure of home prices based on mortgages owned or guaranteed by Freddie Mac or Fannie Mae – rose 0.8 percent in April from March.  It was the first increase in almost a year, but the sector remains weak: Home prices are down 5.7 percent from a year ago and remain at 2004 levels. 

Listed below is a breakdown of the current 207 active listings for Mayfield, Mayfield Village and Mayfield Heights areas.  Prices range from $34,000 to $499,900. 

 Active: 207  Pending: 0  Sold: 0  Other: 0  Total: 207    Bedrooms  Bathrooms  Square Feet  List Price  Selling Price  DOM/CDOM  Minimum  1   1.00   494   $34,000      1/1   Average  3   2.18   1,681   $174,640   $0   125/182   Median  3   2.00   1,476   $159,900   $0   97/110   Maximum  6   5.00   4,076   $499,900   $0   593/1057   Total Dollar Value         

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