Here’s the Truth About Home Prices

Despite recent global upsets, your home is still worth more than before.

Are you worried about the value of your home? If so, you’re not alone. It’s true that home prices have dipped down from their peak two years ago, but context is key when considering the state of the housing market.

Since the start of the pandemic, there have been changes in home prices. According to recent data, nationally, home values have dropped by 2.8% since June of last year. However, it’s important to take a look at the bigger picture. Home values increased by 39.7% over the two years prior, which puts the recent change in perspective.

If you’re concerned about home price declines, know that you likely haven’t lost all the value gained over time. It’s important not to let national headlines about the value of homes worry or mislead you. The odds are the value of your home is probably up from where it was a few years back.

“Home values increased by 39.7% over the last two years.”

It’s important to keep in mind that the housing market is constantly changing and can be impacted by a variety of factors. However, it’s always a good idea to keep tabs on the value of your home, especially if you’re considering selling in the near future.

If you have questions about the value of your home or want to discuss your options, don’t hesitate to seek our advice. We can provide insight into the current state of the market and help you make informed decisions about your property. Don’t hesitate to reach out to us by phone or email. We look forward to hearing from you.