Looking Back At My 2016 Housing Market Predictions
Scott P. Rogers
So, last year, I made some predictions about what we'd see in 2016....
As shown above -- I was WAAAY too conservative in predicting how many home sales we would see in 2016. We ended up seeing a 16% increase in sales, not the 5% increase that I predicted.
Now, as to home prices....
It seems I was able to predict the sales price trajectory much more accurately. I thought we would see an increase to a median sales price of $192,500 -- and the median sales price ended up at $192,900for the year.
Stay tuned -- I'll make some 2017 predictions in the coming days.
As shown above -- I was WAAAY too conservative in predicting how many home sales we would see in 2016. We ended up seeing a 16% increase in sales, not the 5% increase that I predicted.
Now, as to home prices....
It seems I was able to predict the sales price trajectory much more accurately. I thought we would see an increase to a median sales price of $192,500 -- and the median sales price ended up at $192,900for the year.
Stay tuned -- I'll make some 2017 predictions in the coming days.
