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:
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