Janet Stone

Sales Associate

Kansas City Area MLS home prices are up about 6% year-over-year with a projection of more of the same next year.  To put that into tangible numbers, if your home would have sold for $250,000 in 2015 it could sell for $265,000 in 2016. There are a lot of variables (which professional REALTORS can help guide you through) that make this example over-simplified, but the overall outlook is still great for sellers! Take a look at the state-by-state averages below for a broader look.

 

The Past, Present & Future of Home Prices

 

CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months.

Here are state maps for each category: 


The Past
 – home appreciation over the last 12 months

The Past, Present & Future of Home Prices | Keeping Current Matters

 

The Present – home appreciation over the last month

The Past, Present & Future of Home Prices | Keeping Current Matters

 

The Future – home appreciation projected over the next 12 months

The Past, Present & Future of Home Prices | Keeping Current Matters

 

Bottom Line

Homes across the country are appreciating at different rates. If you plan on relocating to another state and are waiting for your home to appreciate more, you need to know that the home you will buy in another state may be appreciating even faster.