Industry News

A State-by-State Look at Price Predictions

DAILY REAL ESTATE NEWS | WEDNESDAY, JANUARY 27, 2016

REALTORS® nationwide expect home prices to inch up 3.2 percent over the next 12 months, according to the latest REALTORS® Confidence Index Survey, based on a monthly survey of more than 50,000 NAR members about their local markets and most recent transactions. Overall, real estate professionals expect the recent strong growth in home prices to moderate as rising prices hamper affordability in many areas.DN_NAR_price expectations

REALTORS® in Washington, Oregon, Wyoming, Colorado, and Florida are the most optimistic about price growth in the next year – with a median expected price growth of 4 to 5 percent.

The infographic above, from the REALTORS® Confidence Index Survey, breaks down expectations of REALTORS® on home prices over the next 12 months for each state.

Source: “REALTORS® Expect Moderate Price Growth in Next 12 Months,” National Association of REALTORS® Economists’ Outlook blog (Jan. 11, 2016)

Related posts

Financial education is key in helping first-time home buyers

jlspr

Lowest total of listed homes in years is increasing prices and competition for buyers

jlspr

Brian Buffini’s top tips for getting the most out of yourself and your business

jlspr