What the experts are predicting for home values in 2023 and beyond.


Some headlines say that home prices will continue to rise, and some say that they’ll drop, so what should we believe? It’s confusing to navigate the many opinions in the news, so I’m here today to sort it out for you.

No one can predict the future with certainty, but we can lean on educated predictions made by industry professionals. Five experts gave their predictions for 2023, and their answers vary quite a bit. One expects 2.8% appreciation, another expects 4% depreciation, and the others range between those two. The average of all the predictions is 0.2% appreciation.

Predictions for 2023 vary, but all five experts predict that home values in 2024, 2025, and 2026 will start to normalize. They believe home prices will increase by 3% to 4% each year during that time, which is the rate that has been consistent for the last 40 years. Our market simply can’t sustain the home price increases that we’ve seen over the last couple of years.

What to do with this information depends on your specific situation. I would love to sit down with you and discuss when the right time is for you to make your move. Call or email me anytime! I would love to talk with you.


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