CoreLogic reports that national home prices increased by 12% year-over-year in January. This marks the 23rd consecutive month of year-over-year increases in the CoreLogic Home Price Index.
Nationally, home prices increased 0.9% month-over-month from December. For the past 20 years, the average month-over-month appreciation for January has been 0.2%, and the January 2014 increase was the largest January increase since 2006.
Year-over-year home prices were up in 49 states and the District of Columbia. Only Mississippi showed a price decrease. Nevada led the country with a 22.2% price increase from January 2013, followed closely by California with a 20.3% increase.
In terms of monthly changes, 39 states and the District of Columbia showed increases, with Vermont (+2.7%) and New York (+2.7%) showing the largest increases and New Hampshire (-1.5%) and Iowa (-1%) experiencing the largest decreases.
Texas, Louisiana and Nebraska reached new heights in home prices, and Colorado was within a tenth of a percent of its peak. Conversely, Nevada remained at 40.1% below its peak in 2006, followed by Florida (-36.4%).
To find out the current value of your home, consult an Ebby Halliday Associate today. To get started, visit the award-winning ebby.com.
What was once considered real estate wisdom – the ideal time to list a home for sale is the traditional spring selling season – is no longer true in North Texas.
Year-over-year home sales for January and the very low inventory of homes available to purchase mean now is a great time to list a home for sale in Dallas-Fort Worth. Just-released numbers from North Texas Real Estate Information Systems make a compelling case for savvy sellers who want to get a head start on the spring selling season’s increased competition:
* Days on Market were down 16.8% to 73 days on average.
* Percent of original list price received was up 1.2% to 94.3% of asking price.
* The number of homes for sale was down 15.5%.
* Finally, the median sales price for a North Texas home wasup 9.7%.
If you’re considering listing your home for sale, now is the time to take action. To get started, visit the award-winning ebby.com.
We have great economic news today for all North Texans. Residential real estate sales at the Ebby Halliday Companies, which includes Ebby Halliday Realtors and Dave Perry-Miller & Associates, topped $6.4 billion in 2013. That’s a record in our 68-year history and, remarkably, is a 25 percent increase over 2012.
“We are so grateful to our valued clients – both home buyers and sellers – who have entrusted us with one of the largest financial transactions of their lifetime,” says Mary Frances Burleson, president and CEO of the Ebby Halliday Companies. “Sales records of this magnitude reflect the exceptional performance of our more than 1,500 Associates. We are so pleased to recognize their professional accomplishment and success – they are the reason the Ebby Halliday Companies lead the North Texas real estate market.”
Thank you Mary Frances. We couldn’t have said it any better!
To learn more about Ebby Halliday Realtors, its Associates and listings, visit ebby.com. For more information about Dave Perry-Miller & Associates, its Associates and listings, visit daveperrymiller.com.