What’s Really Happening with Home Prices? [INFOGRAPHIC]

Some Highlights

• If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters.
• While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%.
• Let’s connect to find out how much equity you have in your current home and how you can use it to fuel your next purchase.

If you’re thinking about selling your house, you may have seen recent headlines about home prices falling month-over-month and felt uncertain about your decision. It’s important to remember, however, that perspective matters when evaluating the current market.

While it’s true that home prices are down slightly in some markets on a month-to-month basis, the bigger picture shows a different story. Nationally, home values have increased by nearly 10% compared to this time last year. A year-over-year increase of this magnitude is still a strong indicator of a healthy housing market, especially when you consider that typical home price appreciation tends to range between 3-4% annually under normal market conditions.

This means that despite the month-to-month fluctuations, homeowners are still seeing significant gains on their investments. If you’re considering selling, this could be the perfect time to take advantage of the equity you’ve built up in your current home.

Let’s connect to discuss your specific situation and find out how much equity you have in your home. We can explore how to leverage that equity to make your next move, whether you’re looking to upgrade, downsize, or relocate. Together, we can ensure you make the most of today’s market and position yourself for success in your next real estate transaction.