What's Really Happening With Home Prices?

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%.

While we've seen home prices moderate since the pandemic home are still selling in our current market when price and marketed appropriately. We also currently sit at about 3.5 months supply of inventory which still puts us squarely in a sellers market. Don't let the headlines in the news get in the way of your plans to sell. Feel free to reach out to me to discuss your real estate plans!