Yearly Changes in Price

Posted by Dil Gillani on Saturday, June 24th, 2017 at 3:28pm

This image show the variation in market prices throughout yearly changes. Divided by states, this allows you to see exactly how much the market has changes since the last year. For example you can see that most states had a change as much as over 3%. Over the course of the country the increase is an average of about 6%, which is a dramatic jump from the historic norm of about 3.6%. this chart helps focus on each region to show how each area specifically changed.Using the MLS system you are able to specify this number by your own market. Seeing these increases, and more areas being increased by the month, if you are thinking about buying a new house or a second property, now is the time to do so before prices increase even more. The states where sales are going up and where there are plenty of buyers is good for sellers. Having enough inventory, properties to sell, is important to satisfy the level of demand that comes with the good market. It is expected that within the next year, prices are going to go up nationally about 4.4% which is above the normal 3.6%. So now is a good time to buy before the prices go up to this number.

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