Home appreciation is still on the rise

If you are worrying about a market dip or crash, don’t.

The market has changed quite a bit in the last few months, but all indicators still hold great news for you! Leading home experts all projected healthy appreciation at the beginning of this year, but more recently, almost all of them actually increased those numbers.

Home price growth remained strong for the second quarter of 2022. Prices continued to rise, with 80% of the markets showing double-digit home price appreciation. National median prices rose 14.2% year over year to $413,500, rising above $400,000 for the first time. - National Association of Realtors

As of July 2022, Waxhaw’s average sales prices have increased 22.4% to over $808,000. This is good news for homeowners, as prices seem to be on a healthy trajectory and will continue to rise through year-end (although not as fast as last year).

Questions about the current value and/or projections for YOUR home? Get in touch now!