Connecticut Home Prices: Where Will They Be in the Next 5 Years?

By
Real Estate Broker/Owner with Dave Jones Realty, llc. 0789397

Home Prices: Where Will They Be in 5 Years? | Keeping Current Matters

Today, many real estate conversations center on Connecticut housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe Connecticut prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

CT home values will appreciate by 4.0% over the course of 2017, 3.2% in 2018 and 3.0% the next three years (as shown below). That means the average annual appreciation will be 3.24% over the next 5 years.

Home Prices: Where Will They Be in 5 Years? | Keeping Current Matters

The prediction for cumulative appreciation ticked up from 18.7% to 21.4% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 10.2%.

Home Prices: Where Will They Be in 5 Years? | Keeping Current Matters

Bottom Line

Individual opinions make headlines. I believe this survey is a fairer depiction of future values. Contact a Real Estate professional at Dave Jones Realty who can assist with all of your Real Estate needs!

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Topic:
Real Estate Industry
Location:
Connecticut New Haven County
Tags:
ct home buyers
ct home prices
dave jones realty
ct home buyers tips

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Rainmaker
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Les & Sarah Oswald
Eastvale Team Realty & Property Mgmt - Eastvale, CA
Broker, Realtor and Investor

2017 is predicted to be an awesome year for real estate. Sellers and buyers should position themselves with a local realtor who can best consult them on their local markets.

Dec 22, 2016 12:07 PM #1
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Dave Jones

Broker/Owner - e-PRO Dave Jones Realty llc Prospec
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