Realtor Survey Shows Price Change Expectations Over Next 12 Months
A January 2018 survey of Realtors showed that most respondents expected the median home price change for the next 12 months to be 3.6 percent.
Realtors reported that buyer traffic has become stronger in Utah, Arizona, Oregon, Idaho, Colorado, and Florida, where the median expected price growth was four to five percent. States with high property tax rates and/or property prices like Connecticut, New Jersey, New York, and California, the median expected price change among National Association of Realtors' survey respondents was about two to three percent.
Lack of supply amid strong buyer interest continues to push prices up. At the metro area level, data on the number of active listings on Realtor.com indicates how serious the lack of supply is. Of the 500 metro areas tracked by Realtor.com, active listings are lower compared to one year ago in 395 out of 500 metro/micro areas, 80 percent.