Curious About the Latest Home Price Trends?

Dated: April 7 2023

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The recent changes in home prices are a hot topic in the housing market, especially with spring gearing up. While it can be challenging to navigate through misleading headlines and confusing data, there's some good news to know about today's home prices.


According to Nataliya Polkovnichenko, Ph.D., Supervisory Economist at the Federal Housing Finance Agency (FHFA), national home prices have remained largely unchanged in the last four months, staying near the peak levels reached in the summer of 2022. Despite higher mortgage rates, the low inventory of homes for sale has helped maintain relatively flat house prices in North San Antonio, including the Champions Ridge and Stone Oak areas.

The month-over-month home price changes have been minimal, as seen in the chart below, with any depreciation even milder since August. This data indicates that today's home prices aren't in a freefall.

 

If you're a current homeowner in San Antonio, TX, you may be concerned about even the slightest decline in home prices. However, keep in mind that home values grew significantly over the last few years, and any declines seen now are likely to be minimal when compared to that growth. As Selma Hepp, Chief Economist at CoreLogic, points out, "while prices continued to fall from November, the rate of decline was lower than that seen in the summer and still adds up to only a 3% cumulative drop in prices since last spring's peak."

It's also important to remember that every local market is different, and prices may vary significantly. Therefore, it's essential to consult a local real estate professional to get the latest information on home prices in your area. If you're planning to make a move this spring in San Antonio, TX, the Champions Ridge, or Stone Oak, it's time to lean on an expert for guidance.

 

To understand what's happening with home prices in your market and how they could impact your goals, schedule a call with a local real estate professional today. You can easily schedule a call through the link https://calendly.com/david-a-beere. Don't let confusion and misleading headlines cloud your judgment. Get the facts and make informed decisions with the help of a trusted real estate professional in San Antonio, TX.

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David Beere

Sell Your Home for Top Dollar in Less Time with David BeereWhen it comes to selling homes quickly and profitably in San Antonio, Austin, New Braunfels, and surrounding areas, David Beere with Texas Pr....

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