How much real estate can you buy for a dollar?
October 19, 2018 – Orlando, Florida – Zillow recently explored how much house you can purchase for one dollar. Why? To prove the point that now is the time to sell your home.
U.S. HOME VALUES ROSE 8 PERCENT OVER THE PAST YEAR TO A MEDIAN OF $218,000, ACCORDING TO ZILLOW.
With the current US median home price of $218,000, a buyer can purchase a home if they have (on average) $218,000.
But really, we want to know how much home you can buy for a single dollar.
In the current market conditions, and according to Zillow, a dollar will buy you 1.07 square inches of space in a typical US home. That’s down slightly from 1.2 square inches in 2008—and less than half of what a dollar would buy you in 1998 at 2.1 inches.
Now is a great time to sell your home since a dollar buys less house today than it did a decade ago. So if you are considering selling, contact us for a FREE home valuation.