As inventory has decreased and demand has increased, prices have been driven up.
This is great news if you own a home and you’re thinking about selling. The equity in your house has likely risen as prices have increased. Even better is the fact that there’s a large pool of buyers out there searching for the American dream, and your home may be high on their wish list. If you think you’ve outgrown your current home, reach out to Stovall Team today to discuss local market conditions and determine if now is the best time for you to sell. Call me at 714.343.9294
What Does 2021 Have in Store for Home Values?
Home price appreciation in 2021 will continue to be determined by this imbalance of supply and demand. If supply remains low and demand is high, prices will continue to increase There’s still a very limited number of homes for sale for the great number of purchasers looking to buy them. As a result, the concept of “supply and demand” mandates that home values in the country will continue to appreciate. Call Stovall Team today at 714.343.9294