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

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.