Homeowners: Do You Know Your Home’s Value?

The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,

“National Home Prices Now 50% Above March 2011 Bottom”

The real estate market has come a long way since 2011, which is great news for homeowners in Davenport FL!

Nearly 79% of homeowners with a mortgage in the US now have significant equity in their homes (defined as over 20%), according to the latest Equity Report. The challenge is that not every homeowner knows how much their home’s value has appreciated.

Homeowners in Denver, CO lead the way with 8.7% appreciation over the last year, while owners in Washington and Utah have experienced…

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How Supply And Demand Impacts Real Estate Home Values

Some Highlights:

• The concept of supply & demand is a simple one. The best time to sell a home in Davenport FL, is when the supply of that item is low & the demand for that item is high!
• Anything under a 6-month supply is a seller’s market!
• Nationally, there has not been a 6-months inventory supply since August 2012!
• Inventory levels differ depending on the area of the country and price range, so be sure to consult your local real estate professional for your exact market conditions.

Do you own a home in Davenport FL and want to find out the Current Market Value of your Home?

Click Here to Request a FREE No Obligation, Market Valuation for your Home

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