If you had bought that house 10 years ago . . .

Sometimes it is fun to look back and so today in honor of throwback Thursday I am going to publish some home sales prices by neighborhood from 2010.

chart of home sale prices
Home sales in St. Paul for June 2010

2010 was a special kind of year. Home sales and home prices ticked up a little because there were some tax incentives for home buyers and sellers. Once those incentives went away we reached what I call the bottom of the housing market crash.

Locally home prices hit a low in 2009 and then went up a little in 2010 and then hit a new low in 2011.

This recession is different and the biggest impact it is having on the housing market right now is that far fewer homeowners want to sell and a lot of people want to buy.

If you bought a house in 2010 you probably have a great deal of equity unless you took the equity out and spent it.

Yup, I have been doing this for a long time, almost 20 years. Something to consider when you hire a REALTOR.


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