Here’s why homes are not overpriced; we’re right where we should be.

Are homes overpriced? Many seem to think so, but if you look at the facts, we’re right on track. 

At 0:41 in the video, you can see a graph that shows the median home prices over 30 years. The yellow line on that graph indicates what prices would have been if they appreciated at the historic average every year. The line matches where we are today almost exactly.

The real estate market will always have peaks and valleys, so you need to think about the context and the data to get the true picture. Home prices seem too high right now because it took a long time to recover from the 2008 recession.

Several market factors have contributed to the rapid increase, but none of them indicate a bubble. It seems like we’re back on track with the historic norm. 

If you have questions about your home's value or are thinking about buying or selling, give us a call today. We promise there will be no sales pitch or gimmick, just an honest, open discussion. Remember, it’s not the market; it’s the marketing that makes the difference.