On Sale Next Year: Basically Everywhere

Miami Homes for Sale
Miami Homes for Sale

Thought you missed out on the deal of the century this year? Shah, as if!

According to a new report by Fiserv, the national median home price is predicted to drop ANOTHER 11.3% by June 30, 2010.

For the following year, the firm anticipates some stabilization with prices rising 3.6%.

Theoretically, buyers could wait until July of 2011, and most likely still get a better deal (on average) than right now, but the best deals will most likely be had next spring.

See our chart below. A buyer could save between $30,000 and $65,000 on the median priced home by waiting.

The continued decline is expected to be fairly pervasive; values are predicted to drop in 342 out of 381 markets.

Stunningly, three of the five cities projected to do the worst are in Florida, Miami, Orlando and Naples.

Originally published