Be Amazed By Your Home Value And Be Content To Stay


Be Amazed By Your Home Value And Be Content To Stay
By Scott Rogers • September 16, 2021
It is so darn exciting for homeowners to see how much their home has increased in value over the past few years! As noted earlier this week in my monthly market report... Home prices have been rising very steadily over the past few years, but we have seen a 10% or higher increase in the median sales price in both 2020 and thus far in 2021. Of note, here are the annual increases in the median sales price per year for the past four years, including 2021... 2018 = $13K 2019 = $11K 2020 = $21K 2021 = $23K So, if you have owned a median priced home for the past four years you may have very well seen a $70,000 increase in your home's value in the past four years! Wow! Having $70,000 more equity in your home based on increases in market values over the past four years is amazing! But, as the conversation has gone with soooo many folks lately.... "If I sold for that price, what would I buy!?" So, in the end, many homeowners find themselves wishing that they could do something about their newfound wealth via increased equity in their home - but not finding a home that they'd like to purchase - and not really wanting to move just to move. So, my encouragement to them (maybe to you?) is to... Be Amazed By Your Home Value And Be Content To Stay Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 24, 2024 (unless otherwise noted).
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