Home Price Seasonality Returns
Home prices are on the move, but not in the way you might think! If you’ve been curious about the market, I’ve got the data to show you that prices aren’t falling. They’re just finding a more balanced pace.
If you’ve been following along lately, you know I’ve been talking a lot about home prices. That’s because I wanna help as many people as I can understand prices aren’t falling. They’re just climbing at a more normal pace. Let me show you what I mean.
Here’s the forty-nine-year average for monthly home price movement. This is what usually happens to prices throughout the year. Generally, price growth starts off slow. It really ramps up in the spring homebuying season. And then it cools off in the second half of the year. This seasonality is what we’re starting to see right now. Here’s what happens when we layer on this year’s data.
The blue is still the long-term trend. But the new green bars are what’s happened so far this year. We’re getting closer and closer to that long-term norm. Notice there aren’t any red bars. That’s because prices aren’t falling, they’re just rising at a more normal pace.
If I haven’t convinced you yet, let’s chat. Give me the chance to answer your questions and put your mind at ease. Because I can tell you right now, I’m not worried about prices falling and that’s because I’ve got the data on my side.
If you have questions or uncertainties, drop them below, and let’s have a conversation. Your peace of mind is just a message away!
For everything Chicago, Ask Anne…
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