States Expecting Most Growth in Home Prices
2015-11-09The majority of REALTORS® also say they expect home prices to rise on strong buyer demand by an average of 3.2 percent over the next 12 months. However, "REALTORS® expect the recent strong price growth to moderate as rising prices have made homes unaffordable for many, with home prices almost on par with their levels prior to the housing downturn," according to the report.
The median price of all existing homes in August was $230,200, which nearly matches the peak price of $230,900 in July 2006.
REALTORS® are most upbeat about price growth in Florida, with the median home price expected to rise 5 percent to 6 percent there. There's also high optimism about price growth in Washington, Oregon, and Colorado, states where the median home price is expected to rise 4 percent to 5 percent over the next 12 months.
Source: “REALTORS® Confidence Index: Report on the September 2015 Survey,” National Association of REALTORS® (Oct. 22, 2015)
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