Home Prices are Back on the Rise

Looking at monthly home price data from six expert sources shows that the recent home price declines are behind us, and they're rising nationally again.

Percent Change in Home Values, Month-Over-Month

There’s no need to wait.

If you've put your plans to move on pause because you were worried about home prices crashing, this rebound is good news. Another thing to keep in mind is that buyers are still more active than they were last year, and pre-pandemic years.

According to U.S. News:

“Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.”

In summary:

With inventory still low and the prices on an upward trend, it is good timing for both buyers and sellers. Buyers, now is the time to let me help you navigate the housing market before the prices go up even higher, and sellers, you will want to take advantage of the low inventory.

Enlist an experienced Sarasota realtor - I am committed to work diligently on your behalf - here to help you buy or sell! Call or email me at beverlysthilaire@michaelsaunders.com or 818-416-2505.