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Home values had positive growth in the second quarter of 2024, and inched close to the peak levels we saw in Q2 2022 before the post-pandemic housing correction. Despite inflation and interest rates remaining stubborn, demand has continued to be strong, resulting in a seller’s market.
A bright light for buyers is the recent uptick in new listings, which has opened up more opportunities after starting the year with minimal selection. Additional inventory will cause home prices to stabilize after rapid growth over the last six months. The average homeowner has close to 60% in home equity resulting in great returns when making a sale.
If you are curious about how today’s market relates to your real estate goals, please reach out. It is my goal to educate, inform, and empower strong decisions.
