Prices increase in every range

Home Prices Increase in Every Price Range
CoreLogic’s Home Price Index (HPI) Report revealed,
“National home prices increased 3.6% year over year in July 2019 and are
forecast to increase 5.4% from July 2019 to July 2020.”
They also analyzed four individual home-price tiers, showing the increase in each.
Here’s the
breakdown:
T E A M P E T R U Z Z I | A l w a y s M o v i n g Y o u F o r w a r d | 3 1 7 - 3 7 0 - 5 5 0 9 2019

To clarify the methodology, CoreLogic explains,
“The four price tiers are based on the median sale price and are as follows:
homes priced at 75% or less of the median (low price), homes priced between
75% and 100% of the median (low-to-middle price), homes priced between
100% and 125% of the median (middle-to-moderate moderate price) and homes priced
greater than 125% of the median (high price).”
What does this mean if you’re selling?
Price appreciation can differ depending on your price range. If you’re a homeowner thinking of selling, let’s get
together to find out how much your home is increasing in value, so you can price it competitively for today’s
market.
Contact Mary@TeamPetruzzi.com for more information.
T E A M P E T R U Z Z I | A l w a y s M o v i n g Y o u F o r w a r d | 3 1 7 - 3 7 0 - 5 5 0 9 2019