Connect

Find us on...

Dashboard

Login using...

New Search X

What’s The Median Home Value In Your State?

Posted by David E. DeChant on Thursday, June 28th, 2018 at 9:09am.

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.

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-state basis using data from the National Association of Realtors.

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 Line

If 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: https://www.keepingcurrentmatters.com/2018/06/27/whats-the-median-home-value-in-your-state/ 

1 Response to "What’s The Median Home Value In Your State?"

5 Reasons Millennials Choose To Buy A Home [INFOGRAPHIC] wrote: [...]Links

Next Recession In 2020? What Will Be The Impact?
http://www.redcorealty.com/blog/next-recession-in-2020-what-will-be-the-impact.html
Are You Wondering If You Can Buy Your First Home?




Tags

[...]

Posted on Friday, September 14th, 2018 at 10:55am.

Leave a Comment

Get Pre-Approved For a Mortgage 

 

 

Learn About Becoming a Redco Agent

Find us on FACEBOOK