Homebuyers Believe Homes are Overpriced; while Home Sellers Believe Homes are Worth More, Survey Shows

Homebuyers and home sellers have opposing views of for sale homes in the U.S.

According to HomeGain’s nationwide third quarter 2012 home values survey, homeowners believe that the homes they are selling are worth a lot more; while homebuyers believe homes are overpriced.

The nationwide third quarter 2012 home values survey of HomeGain surveyed more than 300 real estate agents and brokers and more than 2,200 homeowners between September 11 to September 21, 2012.

HomeGain, in a statement said, “According to surveyed agents and brokers, 76 percent of homeowners believe their homes are worth more than the recommended agent listing price. In contrast, 60 percent of home buyers believe homes are overpriced.”

Based on the Florida Realtors report, the median sales price for single-family existing homes in Florida last August was $147,000, a 5.8% increase from August 2011; while the median price for the townhome-condo properties sold last August was $102,980, a 13.2% increase over the preceding year.

Based on the housing statistics of the Maryland Association of Realtors, the median price of homes sold in Maryland last August was $255,498, a 5.9% increase from the $241,305 average median price in August 2011.

Nationwide, the National Association of Realtors reported that the median existing-home price last August was $187,400, a 9.5% increase from a year ago.

The Guldi Real Estate Group is consistently ranked as one of the country’s top real estate teams by the Wall Street Journal. The Guldi Group provides outstanding customer service to clients throughout the state of Maryland and South Florida from four locations.