Appreciation Is Strong It Might Be Time To Sell

Dated: August 7 2019

Views: 68

Appreciation Is Strong: It Might Be Time to Sell

Appreciation Is Strong: It Might Be Time to Sell | MyKCM

There’s no doubt that today’s housing market is changing, and everything we see right now indicates it is time to sell. Here’s a look at why selling now is likely to drive the greatest return on your largest investment.

Home values have been appreciating for several years now, growing at a strong, steady, and impressive pace. In fact, the average annual appreciation rate since 2012 has nearly doubled the average rate from the more normal market of the 1990s (think: pre-bubble).Appreciation Is Strong: It Might Be Time to Sell | MyKCMAppreciation, however, is projected to shift back toward normal, meaning home prices will likely keep climbing over the next few years, but they are not projected to continue to increase at such a high rate.

Here’s What That Means for Homeowners:

As noted in the latest Home Price Expectation Survey (HPES) powered by Pulsenomics, experts forecast an average annual appreciation rate closer to 3.2% over the next five years, which is more in line with a historically normal market (3.6%). The good news is, there’s still time to take advantage of the current strength of home prices by selling your house now.Appreciation Is Strong: It Might Be Time to Sell | MyKCMLooking at the projections as they stand today, 2019 is slated to drive the strongest appreciation as compared to the upcoming few years. With average home prices still on the rise, the pace at which they are predicted to continue increasing will likely soften by 2020.

Bottom Line

If you’re thinking about selling your house, now is a great time to make your move. Don’t get stuck waiting until projected home price appreciation rates potentially re-accelerate again in 2023. You’ll likely earn the greatest return on your investment by selling now before the prices start to normalize next year.

Blog author image

Danah Prophet

Danah Prophet - Realtor, Office Manager, Buyers Agent, Salt Realty | Mobile: 843-685-0956 Danah@SaltRealtySC.com | http://www.SaltRealtySC.com/ An Innovative Real Estate Firm Specializing in Coast....

Latest Blog Posts

Just Listed In Jackson Estates 205 Cabo Loop

Use Mo Paul's Team to buy this home & we will give you a $1,500 buyer rebate out of our Real Estate Fee at closing-Money in your Pocket! JUST LISTED #MyrtleBeach by Mo Paul's Team at Salt Realty.

Read More

Winter Will Bring A Flurry Of Activity To The Housing Market

Winter Will Bring a Flurry of Activity to the Housing MarketIn the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the

Read More

VA Home Loans Helping Heroes Find A Home

VA Home Loans: Helping Heroes Find a HomeToday, on Veterans Day, we honor those who have served our country and thank them for their continued dedication to our nation. In the United States, there

Read More

Love At First Sight

COMING SOON! #PawleysIsland by Mo Paul's Team at Salt Realty. New Construction in Hagley Estates- Buyers: Use Mo Paul's Team to buy this house & we will give you a $2,500 buyer rebate out of

Read More