Buyer competition is still intense as we move into winter, leading to continued price appreciation. However, experts project that the inventory situation should improve in the coming year, slowing price appreciation. But don’t look for prices to depreciate. Instead, look for more modest appreciation in the 5%-6% range.
“While competition for homes has eased somewhat since the mania months earlier this year, competition is still fierce and prices are still rising at double-digit rates”
Corporate Economist, Navy Federal Credit Union
Home prices were up 19.8% year over year in August according to the S&P Core Logic Case-Schiller Indices.
If you’re planning to sell your house, know that today’s higher buyer activity means you don’t have to wait until spring. Contact our office and let one of our real estate professional’s at CENTURY 21 Prime South help you take advantage of the hot housing market today.
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