If you need assistance, please call 317-590-2901

Real Estate Pros Say Prices to Continue to Escalate

Friday, September 29, 2017   /   by Carlos J Higareda

Real Estate Pros Say Prices to Continue to Escalate

Home prices likely will continue to rise over the next year as buyer demand continues to outstrip supply in many markets, according to the August 2017 REALTORS® Confidence Index

Read more: Fewer New Homes in Pipeline Pushes Up Prices

That bodes well for homeowners, but buyers are likely going to face even higher prices in the coming months as well as continued competition from the limited number of homes for sale, according to the report.

Thirty-nine percent of properties in August sold at or above the original listing price, up from 34 percent a year ago, according to the report.

REALTORS® in Washington, Nevada, Utah, and Colorado are expecting some of the most price growth over the next 12 months, with expectations averaging more than 5 percent in that time.

View the map to see REALTORS®’ median expected price change over the next 12 months.

Source: “August 2017 REALTORS® Confidence Index,” National Association of REALTORS® (August 2017)

eXp Realty
Carlos Higareda
107 N State Road 135
Greenwood, IN 46142

The source of the Licensed Listings is BLC® listing service. The Licensed Listings are confidential information of BLC® listing service. The BLC® listing information is provided by the Metropolitan Indianapolis Board of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Metropolitan Indianapolis Board of REALTORS® All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
This site powered by CINC: www.cincpro.com