On Sale Next Year: Basically Everywhere

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.