If you're thinking about making a move, you're likely thinking about home values. Whether they're up or down will have an impact on the decisions you make, whether you're a buyer, a seller, or both. So where are they now? Well, according to one recent analysis, values were relatively flat in September from the month before. In fact, they were down just 0.1 percent nationally. That's slower than they've been at any point since February but not that far off normal.
In fact, between 2015 and 2019, monthly home-price increases were between 0.1 and 0.4 percent, making September's results fairly typical compared to pre-pandemic growth. Year-over-year, home values were up 2 percent, pushing the typical home value to $350,000 nationally. Overall, September's data shows the market began to calm as the summer season came to a close. That could be encouraging news for fall buyers hoping for a break from challenging affordability conditions.
[Source: PR Newswire]
