According to a new study from IHS Global Insight and PNC Financial Services Group, the median home sales price in certain parts of the country are too high.
But get this: Boston area’s median of $315,000 is actually too cheap by 9.4 percent.
An excerpt from the study:
To compile its estimates of what home prices should be, IHS weighs factors such as local incomes, housing demand and population changes. The quarterly study examined late 2009 home prices in 330 metropolitan areas, and found that few of those regions are as overvalued as the Capital Region.
Looking forward to your comments.