What are home values likely to do over the next few years?


What are home values likely to do over the next few years?
By Scott Rogers • May 19, 2015
Based on recent trends, I believe we will see 2% - 4% increases per year in the median sales price over the next few years. If we take this year's YTD median sales price ($182,250) and use a 3% per year metric, here's what the next few years would look like.... 2015: $182,250 2016: $187,718 2017: $193,349 2018: $199,149 That would mean that a median priced home ($182K) may increase in value by about $17,000 over the next three years. Receive Updates by Email Recent Articles: Ho, Ho, Ho, Is Santa Bringing Lower Mortgage Interest Rates For Christmas? OK, False Alarm, Most Homes Are Still Selling Very Quickly How Quickly Are Homes Selling These Days? Middleburg at Stone Spring, To Include Up To 500 Apartments, Proposed Adjacent To The Reserve At Stoneport A Rough Two Years For Rising Mortgage Interest Rates Home Buying Activity Will Slow But Not Stop Over The Winter Demand Is Likely To Keep On Rising For Contractors And Home Renovators Update On City Of Harrisonburg Townhouse Market Trying To Buy A Home... A Story Of Being All In, Then Bowing Out, And Now Being Ready To Jump In Again Sometimes Upgrade Your Home (Selling And Buying) Results In An Even Larger Upgrade In Your Monthly Payment
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Dec 11, 2023 (unless otherwise noted).
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