If you’re thinking about making a move, here’s a look at what’s happening with home prices. As shown in these two graphs below, appreciation continues but at a lower rate. The market frenzy of the pandemic—due to more demand than homes for sale and an increase in home prices as buyers competed with one another—has ended. Today, buyer demand has moderated with interest rates, however, more demand than supply of new homes continues.
Bottom line: Based on today’s factors, experts project home price appreciation will continue. It’ll just happen at a slower pace. If you’re ready to buy or sell a home, connect with a Town & Country Realty Broker. Call us today at 541-757-1781 in Corvallis and 541-924-5616 in Albany.
Sources: www.fhfa.gov, data as of 06/30/2023, and Keeping Current Matters. Disclaimer: The information contained, and the opinions expressed, are not intended to be construed as investment advice. Town & Country Realty does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Town & Country Realty will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.