Realtors who responded to the National Association of Realtors’ February 2017 Confidence Index Survey expect the median home price change in the next 12 months to be 3.8 percent. The state of Washington has the highest median expected price growth at nearly 6 percent, followed by Oregon, Montana, Utah, Colorado, Michigan, Tennessee, South Carolina, and Rhode Island at 4 to 5 percent. Looking at the values over time in selected states, the median expected price change appears to be increasing again, indicating that respondents expect demand to remain strong even as home prices continue to rise.
Advertisement
Related Stories
Sales
Sales and Texting? Know the Rules
Texting your sales prospects en masse can be an efficient way to get your message through if you follow these best practices
Affordability
Will NAR's Landmark Commissions Settlement Lower Housing Costs?
The $418 million deal changes long-standing rules—written and unwritten—that consumers claim inflated sales commissions for home sellers, including new-home builders
Market Data + Trends
January's Mortgage Rate Dip Prompts Some Thawing of the Housing Market
A drop in mortgage rates from recent peaks nudged more homebuyers and sellers into the market, signaling the start of greater supply and demand