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What’s The Median Home Value In Your State?

6/27/2018

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If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located.
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In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates at the same rate. The map below demonstrates that point on a state-by-statebasis using data from the National Association of Realtors.
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Demand often dictates value, even for houses in the same area of the country! High demand for starter and trade-up homes have driven prices up in these categories by nearly 10% over the past year, while those in the premium markets have appreciated at closer to 6%.
Bottom LineIf you are debating whether or not to buy and/or sell a home this year, meet with a local real estate professional who can help you figure out exactly what’s going on in your market.

SOURCE KCM
#Pricing #ForBuyers #SimardRealtyGroup #eXpRealty

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  • Home
  • About
    • Contact
    • Testimonials
    • Promo Videos
  • Home Search
    • Financing >
      • Free Home Inspection
    • Mortgage Calculator
  • Listings
    • Open Houses
    • New Listings
    • Sold Homes
    • Listings Blog
  • Home Value
  • Resources
    • Real Estate Advice
    • Granby CT >
      • Granby area photos
    • East Granby CT
    • Simsbury CT
    • Avon CT
    • Canton CT
    • New Hartford
    • Barkhamsted
    • Bloomfield
    • Suffield
    • West Hartford
    • Western MA >
      • Westfield MA
      • Southwick MA
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  • Join Real Broker LLC