Six industry experts have weighed in on where they see prices trending.
With all of the scary headlines in the media, you may be wondering what’s truly happening with home prices and where will they go from here. I can break it down for you, but don’t just take my word—I’m going to share what the experts have to say.
The home price forecast for 2023 collects input from six industry experts. While some are predicting slight appreciation, others are predicting slight depreciation. The best way to look at it is to average them all together. When we do that on a national level, the projections for next year show roughly neutral or flat depreciation.
Many things factor into home prices, like supply and demand. What happens next will vary by location, just like it already has this year. Some areas may see slight price growth and others slight declines, with more significant changes happening in overheated markets.
If you have questions about what’s happening in our area, let’s connect. Reach out to me by phone or email. Have a wonderful holiday season!
