Home Prices Next Year

October 17, 2015 Posted by Matt

As we approach season you may be wondering where home prices are headed. With inventory still being limited nationwide, home prices next year are expected to continue to rise. In a year-over-year comparison, home prices are currently up an average of 4.3 percent nationwide.

Florida is projected for a greater than 6 percent increase in home prices next year.

Some interesting facts:

25 states are forecasted to achieve higher levels of appreciation in the next 12 months than already achieved in the last year.
25 state and the District of Columbia are forecasted to experience a slow in appreciation.
All 50 states & D.C. are forecasted to achieve some level of positive price appreciation.

Even though each state is appreciating at different levels, you need to know the Cost of Waiting until next year to buy your dream home!

Since inventory remains low and interest rates are steady, now is a good time to purchase a home in Naples or Bonita Springs. Wheather you are relocating to our area or purchasing a second home, let me be your guide.