The Climb Continues: Home Prices in These Top Cities

If you're contemplating a home purchase or sale to better align with your requirements, you might be curious about current home prices. Here's a breakdown to help clarify the situation.

Despite existing confusion and misinformation, national data reveals a recent upward trend in home prices (refer to the accompanying graphs).

As evident from the data, home prices experienced a significant surge in the initial half of 2022. However, these escalations were pronounced and unsustainable. Consequently, in the latter part of 2022, prices underwent adjustments, marked by modest declines that were short-lived. While media coverage emphasized these slight downturns, it's crucial to recognize that, in 2023, prices are once again on the rise, but this time at a more conventional rate. The alignment of all three reports indicating typical price increases for this year bodes well for the housing market.

Home Prices Are Rising Across the Top Cities in the U.S.

After seeing steady home price growth at the national level for the last several months, you may wonder if prices are going up in your local area, too. Know this: while this will vary from one area to the next, home prices are appreciating in these top cities Case-Shiller reports on in their monthly price index (see chart below):

That’s why so many experts are able to forecast home prices will end the year in the positive and continue going up in 2024.

Here’s How This Affects You

  • For Buyers: If you've been waiting to buy a home because you were concerned it might lose value, the fact that home prices are going up should ease your worries. Buying a home before prices climb higher can be a smart move since home values typically appreciate over time.
  • For Sellers: If you've been postponing selling your house because you were worried about how changing home prices would affect its value, now might be a good time to work with a real estate agent to put your house on the market. You don't have to wait any longer because the data shows home prices are in your favor.

Bottom Line

If you delayed moving because you were concerned home prices would drop, don't worry – the numbers show they're going up nationally. To better understand how home prices are changing in your local area, let’s connect.

304 Properties
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$689,000
Neighborhood: Rotonda West Pine Vly
3
Beds
2
Baths
2,076
Sq.Ft.
2019
Year Built
2
Days on Site
D6136563
MLS
$409,900
Neighborhood: Rotonda Heights
3
Beds
2
Baths
1,815
Sq.Ft.
2023
Year Built
2
Days on Site
T3526522
MLS
$357,597
Neighborhood: Rotonda Lakes
4
Beds
2
Baths
1,791
Sq.Ft.
2024
Year Built
3
Days on Site
T3527039
MLS
Open 5/19
32 Oakland Hills Ct Rotonda West,  FL 33947
$519,000
Neighborhood: Oakland Hills Rotonda West
4
Beds
2
Baths
2,073
Sq.Ft.
2003
Year Built
3
Days on Site
D6136582
MLS
$799,000
Neighborhood: Rotonda Heights
3
Beds
2F11/2
Baths
2,340
Sq.Ft.
2020
Year Built
3
Days on Site
C7492772
MLS
$518,878
Neighborhood: Rotonda West Pinehurst
3
Beds
2
Baths
2,085
Sq.Ft.
2024
Year Built
4
Days on Site
A4610885
MLS
$444,900
Neighborhood: Rotonda West White Marsh
3
Beds
2
Baths
1,944
Sq.Ft.
2005
Year Built
4
Days on Site
D6132851
MLS
$335,000
Neighborhood: Rotonda West Oakland Hills
2
Beds
2
Baths
1,455
Sq.Ft.
1974
Year Built
4
Days on Site
C7492843
MLS
$339,000
Neighborhood: Rotonda West Oakland Hills
3
Beds
2
Baths
1,815
Sq.Ft.
1979
Year Built
4
Days on Site
D6136534
MLS
$335,000
Neighborhood: Rotonda West Oakland Hills
3
Beds
2
Baths
1,840
Sq.Ft.
1973
Year Built
4
Days on Site
C7492846
MLS
$529,000
Neighborhood: Rotonda Heights
3
Beds
2
Baths
2,092
Sq.Ft.
2005
Year Built
5
Days on Site
D6136491
MLS
$539,000
Neighborhood: Rotonda West Oakland Hills
6
Beds
4
Baths
2,526
Sq.Ft.
2021
Year Built
5
Days on Site
A4610847
MLS

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