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Residential Gains To Remain Steady in 2014

SAN JOSE, CA-Increases are expected at a more moderate pace than in 2013, says locally based Realtor.com

By Natalie Dolce | Updated on January 02, 2014

SAN JOSE, CA-Locally based Realtor.com recently released its National Housing Trend Report indicating an improvement from this time last year in spite of seasonal influences. Data from realtor.com reveal that November 2013 median list prices remained unusually strong for the season, showing a healthy 6.9% increase year over year while declining 0.7% month over month, a sentiment echoed in another recent GlobeSt.com article.

“The housing market in November continues to demonstrate encouraging signs of sustainability for the escalating gains this year in price,” says Errol Samuelson, president of realtor.com. “With demand in a much stronger position compared to last year, we anticipate these gains to remain steady into 2014, but with increases expected at a more moderate pace than we have seen in 2013.”

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