Which Homes Have Appreciated The Most

Dated: 03/16/2017

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Which Homes Have Appreciated the Most? | Simplifying The Market

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.

The CoreLogic report broke down appreciation even further into four different price categories:

  1. Lower Priced Homes: priced at 75% or less of the median

  2. Low-to-Middle Priced Homes: priced between 75-100% of the median

  3. Middle-to-Moderate Priced Homes: priced between 100-125% of the median

  4. High Price Homes: priced greater than 125% of the median

Here is how each category did in 2016:

Which Homes Have Appreciated the Most? | Simplifying The Market

Bottom Line

Not surprisingly, the lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum; however, any way you slice it, now is a great time to be in the market whether you're buying or selling. The market is strong and consumer confidence is high.

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Jimmy Swann

Jimmy Swann, Broker/Owner for Swann Group Realty works towards the clients goals and understands how important that the Real Estate Agency you choose to employ and guide you through this journey is yo....

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