Appreciation Is Strong: It Might Be Time To Sell.
Sardool Bhogal. Director-Public-Govt Relations International Trade-Business Consultant.
International Trade and Business consultant. Ardent community builder. Toastmaster, Available for Speaking engagements/ serve on Board of Directors.
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 1990's
Appreciation, 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.
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.
Call us at 1 877 607 7222 and speak with our local real estate professional to discuss the sale of your property.