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Record Growth in Home Appreciation Since 2014

February 17, 2021

Categories: Sellers   Tags: Advantages of Owning a House   How to make house look more appealing   How to sell a house faster   Working with a Realtor®  
Record Growth in Home Appreciation Since 2014

When COVID hit in March, it brought the real estate market to a virtual standstill. But as the pandemic went on, more buyers hit the market—and that demand, combined with historically low inventory, has driven the fastest home price appreciation the country has seen in years.

According to data from real estate data and analytics resource CoreLogic, in October, home prices increased an impressive 7.3 percent year-over-year. That gain was up from a 3.5 percent increase in October 2019—and the highest year-over-year gain since the spring of 2014.

The Takeaway:

So, what does that mean for you? If you’re a homeowner, chances are, your property has gained significant value in 2020. So, if you’ve been thinking about selling, now is a great time to make a move—and fetch top dollar for your home.

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Latter and Blum
Latter and Blum
Latter and Blum
Latter and Blum