A Home Seller's Guide to Home Prices in 2023

by Haydn Halsted

Selling your home can be a daunting process. There are a lot of things to consider, from deciding when to put it up for sale, to setting the right price. In this blog post, we’ll discuss what’s happening with home prices in 2023 and what it means for your home’s equity.

What’s Really Happening with Home Prices?

2023 is shaping up to be an interesting year for the housing market. According to the National Association of Realtors (NAR), home prices across the US will continue their upward trend. On average, homes are expected to increase in value by 4-6% by December 2021 and 2-4% in 2022 and 2023. This growth rate is slightly lower than previous years due to the current economic climate.

However, this doesn't mean that everyone will see a decrease in their home's value; some regions may see higher or lower increases depending on local factors like population growth and job opportunities. To get a better understanding of how your local market is doing, talk to a real estate agent who is familiar with your area. They can provide valuable insight into what's going on locally and help you make informed decisions about selling your home.

What Does This Mean for Your Home’s Equity?

If you're planning on selling soon, now is a great time to do it! As long as you're able to stay ahead of any potential dips in the market and price your home correctly, you should be able to take advantage of the increasing values that we're seeing nationally. The increased equity could also help you negotiate better terms when making an offer on another property or refinancing your existing mortgage loan if you decide not to sell after all.

We hope that this blog post has been helpful in understanding what’s happening with home prices in 2023 so that you can make an informed decision when selling your own property. If you have any questions about pricing or other aspects of selling a home, don't hesitate to reach out to a real estate professional who can provide valuable advice tailored specifically for your situation! Good luck!