Wednesday, March 23, 2016

2016 Home Value Appreciation Prediction



2015 and 2016 Annual home value appreciation

Spring is about to kick into high gear and with it, the prime season for buying and selling homes. It’s about time for a change. Over the winter, new housing rules went into effect, which notably affected existing home sales, and inventory remained low. The supply of homes for sale is still tight, but it’s on the rise—as are aspirations for homeownership. With winter virtually on its way out the door, can buyers and sellers expect the market to warm up with the weather?

Well, there’s still a nip in the air: National home values are currently 6.4 percent below the pre-recession peak. That’s down 0.4 percent from January and good news for buyers.
There is some good news for sellers, too: From January 2015 to January 2016, home values appreciated across the country, with increases varying between 0.6 percent (Washington, D.C.) and 15.4 percent (Denver).



Time your listing to sell faster
The sixty-four-thousand-dollar question in real estate is “When is the best time to list?” An optimal outcome means timing the listing to get the highest price while selling the home as quickly as possible.

Backed by eight years of data, Zillow economists have identified early May, nationally, as the “magic window” to get 15 percent more agent contacts, and yield a sale 18.5 days faster and for nearly 1 percent more than national averages.  Here in the Triangle NC area, the magic window is April.  This means that, if you are thinking of selling this year, you should have your Real Estate Agent lined up & be in the process of preparing your home for the market NOW!  Pre-listing prep work is vital to success.

Contact me to learn more about our LOCAL Spring home selling market and get a complimentary report on the current value of your home today!


Elizabeth Scott, Realtor®, Broker
Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist
Fathom Realty NC, LLC      
Phone: 919.306.9699
Email:  
 



1 comment:

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