Tuesday
May 24, 2016

A State-by-State Look at Price Predictions

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A State-by-State Look at Price Predictions

REALTORS® nationwide expect home prices to inch up 3.2 percent over the next 12 months, according to the latest REALTORS® Confidence Index Survey, based on a monthly survey of more than 50,000 NAR members about their local markets and most recent transactions. Overall, real estate professionals expect the recent strong growth in home prices to moderate as rising prices hamper affordability in many areas.

REALTORS® in Washington, Oregon, Wyoming, Colorado, and Florida are the most optimistic about price growth in the next year – with a median expected price growth of 4 to 5 percent.

 

The infographic above, from the REALTORS® Confidence Index Survey, breaks down expectations of REALTORS® on home prices over the next 12 months for each state.

Source: “REALTORS® Expect Moderate Price Growth in Next 12 Months,” National Association of REALTORS® Economists’ Outlook blog (Jan. 11, 2016)