What Homeowners Should Know About Moderating Home Prices

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If home price headlines have you second guessing your decision to sell, here's what you need to know.

This graph shows home price growth since 2019. Home prices peaked during the pandemic and the green bars confirm that price growth has slowed down over the past few months.

But here's the thing.

Even though home prices are moderating, the last bar on the right tells us home values are still up almost 8% nationally on a year-over-year basis.

And that's a lot more than the three to 4% growth we're used to seeing in a more normal year, like 2019.

Why is this important to know?

While you may not be able to capitalize on the 20% appreciation your neighbors got when they sold last spring, a 10% gain is still dramatic compared to a more normal year, and that's a win for you.

But we all know what happens on a national level may not be exactly what happens in our local market.

So if you have any questions about the value of your home, how we would price it, or how long it would take to sell, I can help.

Please reach out to connect so that you can make an informed decision about your next move.

Speak with you soon.