Which Homes Have Appreciated the Most?

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Real Estate Agent with RE/MAX Crossroads in Cuyahoga Falls and Stow, Ohio

appreciation

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.

The CoreLogic report broke down appreciation even further into four different price categories:

  1. Lower Priced Homes: priced at 75% or less of the median
  2. Low-to-Middle Priced Homes: priced between 75-100% of the median
  3. Middle-to-Moderate Priced Homes: priced between 100-125% of the median
  4. High Price Homes: priced greater than 125% of the median

Here is how each category did in 2016:

 

8

Bottom Line

The lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum.

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Tony Morganti, CRS, ABR

330-352-9513

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Rainmaker
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Lauren Selinsky Broker CRS
California Coastal Estates - Aliso Viejo, CA
"Your Real Estate Broker" #oclauren

2016 still had good reports with single digit rising.

Mar 16, 2017 09:54 AM #1
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Rainmaker
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Tony Morganti

CRS, ABR - Cuyahoga Falls, Stow
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