How Much Has Your Home Increased in Value? Ask Abbitt!

CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price.

The chart below shows the four price ranges from the report, as well as each one’s year-over-year growth from July 2017 to July 2018 (the latest data available). 

It is important to pay attention to how prices are changing in your local market, as it can also impact home values. The location of your home is not the only factor which determines how much your home has appreciated over the course of the last year.

Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.

Bottom Line

If you are planning to list your home for sale in today’s market, contact Abbitt Realty to find out how much your home is worth and to find agent who can explain exactly what’s going on in your area and your price range, selected “What’s My Home Worth” from the menu above.

Article courtesy of Keeping Matters Current.