How much did your home value go up?

Less than half of all listings sold in 2007. Still, the average home value was up considerably last year. Open the Fantis Report in a new window here...small 2.4M or large 4.8M

Home values are up. Sales are down. Is the market stabilizing?

The laws of supply and demand would suggest fewer sales = less demand, right? Wrong. Why are home values still climbing in a supposed buyer's market?

"It's a product of the consistent growth in our market," says Tony Fantis, founder of the Fantis Group. "Many people neglected to improve thier homes while values were rapidly appreciating." After several years of 10-25% growth, prices have gone up.

"Today's buyers," he says, " expect value in the price of the home. That value can come from quality upgrades, or it can come from a bargain price." Gone are the days of listing a home at $30,000 over expected value with multiple offers coming in within a matter of days. "Remember, we're all buyers at one time or another. When shopping for a home we have specific needs, we also have a wish list. In a buyer's market, the sellers have got to cater to those little things that mean a lot, if they really want to sell."