In general, I don't expect anything crazy to happen unless the political and economic climate become big influencers. Our local economy and job market will continue to help our housing values appreciate, but at a slower rate than the last few years. A 5 - 10% increase in inventory should help balance the market, although it will not be enough to put us into a buyer's market. While all price points will see growth, well-staged homes priced at $200,000 and below will be hot properties and generate multiple offers.
Local Price Appreciation Forecast
Realtor.com - 4%
Zillow - 4.5%
Glen - 5%
Please contact us if we can help you with your real estate needs or questions. Matt, Amber, Liz and I are always glad to talk about real estate.