Corelogic’s Home Price Index (HPI) found that national home prices increased 3.6% year over year in July 2019. Homes prices are forecasted to increase 5.4% over the next year. The statistics were broken down into four categories. Categories from homes priced at least 25% below the average median price and all the way up to more than 125% above the national median. Once data was collected, it was found that home prices rose across the board.
Price appreciation can differ in each category. Pricing your home correctly helps your chances of selling it quickly. If you’re thinking of selling, contact me so I can provide the most up-to-date information. I can then help you decide how to price your home competitively and accurately for today’s market.