Home prices have appreciated just over 10% in the past twelve months, which is great news for current sellers! This is actually the first time home prices have appreciated into the double digits percentage wise in seven years. According to a report accounting for 80% of the US housing market, appreciation is expected to drop and stabilize at around 6.5% in the next twelve months. Because homes are still affordable and the economy and job market are stabilizing in many areas, prices will continue to rise through the summer before beginning to drop off in the fall and winter, so if you’re considering a move, now might just be the perfect time to put your home on the market!
Thinking of buying or selling a home in Sussex County? Give us a call at Cooper Realty Associates and put us to work for you – 302-856-6434.