Average sales price drop?

Categories: Appraisals

I’m trying to refinance my home and, according to the appraiser, our home has lost almost 33% of its’ value in the past year (!?!?!).

The numbers on Zillow do not support this (last I checked, it was showing about a 6% drop in Bed Stuy), although admittedly Zillow is not the best gauge. I’m aware that the market is soft, but what are prices really doing?

Does anyone know a more accurate source of information on REAL average sales prices for an area?

By stuyvesantheights | 05/22/2009 4:57 PM