Let's Craft Your American Dream

Homeownership is the cornerstone of The American Dream. We look forward to helping you to achieve your homeownership dreams and goals and the lifestyle that you desire.

Appreciation Is Strong: It Might Be Time to Sell

by | Aug 7, 2019

Appreciation Is Strong: It Might Be Time to Sell | Simplifying The Market

There’s no doubt that today’s housing market is changing, and everything we see right now indicates it is time to sell. Here’s a look at why selling now is likely to drive the greatest return on your largest investment.

Home values have been appreciating for several years now, growing at a strong, steady, and impressive pace. In fact, the average annual appreciation rate since 2012 has nearly doubled the average rate from the more normal market of the 1990s (think: pre-bubble).Appreciation Is Strong: It Might Be Time to Sell | Simplifying The MarketAppreciation, however, is projected to shift back toward normal, meaning home prices will likely keep climbing over the next few years, but they are not projected to continue to increase at such a high rate.

Here’s What That Means for Homeowners:

As noted in the latest Home Price Expectation Survey (HPES) powered by Pulsenomics, experts forecast an average annual appreciation rate closer to 3.2% over the next five years, which is more in line with a historically normal market (3.6%). The good news is, there’s still time to take advantage of the current strength of home prices by selling your house now.Appreciation Is Strong: It Might Be Time to Sell | Simplifying The MarketLooking at the projections as they stand today, 2019 is slated to drive the strongest appreciation as compared to the upcoming few years. With average home prices still on the rise, the pace at which they are predicted to continue increasing will likely soften by 2020.

Bottom Line

If you’re thinking about selling your house, now is a great time to make your move. Don’t get stuck waiting until projected home price appreciation rates potentially re-accelerate again in 2023. You’ll likely earn the greatest return on your investment by selling now before the prices start to normalize next year.

Phone Consultation

15 Minute Introductory Call

Quick

Coaching Call

FREE – No Obligation Phone Consultation to Determine the Next Steps to Your American Dream

Home Buying and Selling Guides

How-To’s, What’s Ups, and Other Good Stuff for both….

Home Buyers and Sellers

Fall 2021 Real Estate Guides – Free No Hassle Downloads

Free Real Estate Webinars

Pin It on Pinterest

Share This