Real Estate Sarasota & Manateee Counties | Think Suncoast Real EstateReal Estate Sarasota & Manateee Counties | Think Suncoast Real Estate

Julie Larson REALTOR®  941-284-9826

Mary Lou Hetman REALTOR®  941-320-1575

  • Menu
  • My Account
  • Sellers
  • Buyers
    • My Account
    • Advanced Search
    • Search by Address
    • Search by MLS ID
  • About
    • Julie Larson REALTOR
    • Mary Lou Hetman REALTOR
  • Reviews
  • Blog
  • Resources
    • Home Valuation Request
    • Home Inspectors
    • Homeowners Insurance Agents
    • Helpful Real Estate Links
    • Lease to Purchase a Home

Projected vs Actual Home Prices in 2018

Projected vs Actual Home Prices in 2018

Home Prices Have Appreciated 6.9% in 2018

Home Prices Have Appreciated 6.9% in 2018 | MyKCM

Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey.

Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change in prices across the country and their predictions for the following year.

The chart below shows the forecasted year-over-year prices for 2018 (predictions made in 2017). According to their predictions, the average appreciation over the course of 2018 should be 4.8%, which is still greater than the ‘normal’ appreciation of 3.6%.

Home Prices Have Appreciated 6.9% in 2018 | MyKCM

If we layer in the actual price appreciation that has occurred this year, we can see that over the course of 2018, home prices have appreciated by an average of 6.9% and have outpaced projections all year!

Home Prices Have Appreciated 6.9% in 2018 | MyKCM

What does this mean?

The tale of today’s real estate market is one of low inventory, high demand, and rising prices. The forces at work can be simply explained with the theory of supply and demand. That being said, if a large supply of inventory were to come to the market, prices may start to appreciate closer to the forecasted rate which would STILL be greater than the historic norm!

Bottom Line

If you are a homeowner whose house no longer meets your needs, now may be a great time to list your home and capitalize on the equity you have gained over the last year to make a significant down payment on your next home!

Thinking of Selling or Buying? Call Julie Larson 941-882-0322 or click here to email.

facebookShare on Facebook
TwitterTweet
FollowFollow us

Posted in: Real Estate

About Julie Larson, Realtor with White Sands Property Group FL

Julie loves the Sarasota's Suncoast area and gets a lot of joy out of matching up home buyers with home sellers and creating a win-win situation for all involved.

ThinkSuncoast.com is your one-stop real estate resource for Sarasota and the surrounding areas.

Your questions and comments are always welcome! Call or text 941-284-9826, email Julie@ThinkSuncoast.com or by using the form on our Contact page!

Post navigation

« NAR Reports Show it’s a Great Time to Sell!
How Supply and Demand Impacts Real Estate Prices »

Contact Julie Larson

 
 
 
 
 
 
 

Julie Larson, Realtor®
941-284-9826
Julie@ThinkSuncoast.com

Julie Anne Larson LLC

Recent Posts

  • Homeownershiip is the Winner
  • Think Again if You Think Home Prices Are Going to Fall
  • It’s Still a Good Time to Sell Your House
  • The Housing Market is Shifting
  • Recession Does Not Equal Housing Crisis
  • Memorial Day 2022
  • The Future of Home Appreciation and What it Means for You
  • Where are Mortgage Rates Headed in 2022

“LIKE” Us on Facebook!

White Sands Realty Group Florida
1990 Main Street Suite 750
Sarasota, Florida 34236
Disclaimer - All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

©2020 My Florida Regional MLS. All rights reserved. | Privacy Policy | Sitemap | XML Sitemap

Log in