Go Straley Group

Nationally, home values are actually rising, even if the median price is down a bit. Let’s break down what’s really happening so you can make sense of the market without getting caught up in the fear the headlines create.

Homes on the Market Right Now Are Smaller

The biggest reason for the dip in median price is the size of homes being sold. The median price reflects the middle point of all the homes for sale at any given time. And that’ll be affected by the mix of homes on the market.

Right now, there’s a greater number of smaller, less expensive homes on the market, and that’s bringing the overall median price down. But that doesn’t mean home values are declining.

Price Per Square Foot Is Still Rising

This means that while smaller homes are affecting the median price, the average home’s value is...

WE MAKE EVERY FAMILY CONFIDENT WHEN BUYING & SELLING A HOME! Go Straley Group - Rebecca Straley | Michael Straley | Marie Moore & Christina Butcher

Home Values Rise Even as Median Prices Fall Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion.

If you’re wondering if you should buy now or wait, here’s what you need to know. If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d get ahead of that and have the chance to start building equity. Should you buy now or wait? Let’s talk through it together, so you can make your best decision.

WE MAKE EVERY FAMILY CONFIDENT WHEN BUYING & SELLING A HOME! Go Straley Group - Rebecca Straley | Michael Straley | Marie Moore & Christina Butcher

Buy Now, or Wait? If you’re wondering if you should buy now or wait, here’s what you need to know.