Here’s a look at what’s happening with home values and appreciation.
Do you know what’s going on with home prices? We’ve been tracking some home value and appreciation data for a while now, and we wanted to share the key takeaways with you.
Did you know that home values have climbed nearly 36% over the past few years? In the last 12 months, prices rose 14%. Over the last three months, prices increased by 4.5%, and month over month, prices are up 0.5%.
Homes are still appreciating, but the rate is drastically slowing by the hour. We’re sticking to our previous prediction that home values will level off in 2023. Other economic indicators point towards a potential recession, but not all recessions affect real estate.
If you have any questions or want to learn more, call or email us. We’d love to help.