[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2myjx68f8g2lq":3,"$f2emv3tus0uf1":35,"$fbwk2pqjjqsc7":39},{"item":4,"previous":23,"next":29},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":21,"updatedAt":22},4443,"what-every-seller-should-know-about-home-prices","What Every Seller Should Know About Home Prices","If you’re trying to decide whether or not to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F11\u002F28\u002Fyour-house-could-be-the-1-item-on-a-homebuyers-wish-list-during-the-holidays\u002F\">sell your house\u003C\u002Fa>, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F12\u002F09102421\u002Fwhat-every-seller-should-know-about-home-prices-KCM.jpg","If you’re trying to decide whether or not to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F11\u002F28\u002Fyour-house-could-be-the-1-item-on-a-homebuyers-wish-list-during-the-holidays\u002F\">sell your house\u003C\u002Fa>, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know.\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>What’s Really Happening with Home Prices?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nIt’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words. But what headlines aren’t always great at is painting the full picture.\r\n\r\nWhile home prices are down slightly month-over-month in some markets, it’s also true that home values are up nationally on a year-over-year basis. The graph below uses the latest \u003Ca href=\"https:\u002F\u002Fwww.spglobal.com\u002Fspdji\u002Fen\u002Findices\u002Findicators\u002Fsp-corelogic-case-shiller-20-city-composite-home-price-nsa-index\u002F#news-research\">data\u003C\u002Fa> from \u003Cem>S&P Case-Shiller\u003C\u002Fem> to help tell the story of what’s actually happening in the \u003Ca href=\"https:\u002F\u002Fwww.spglobal.com\u002Fspdji\u002Fen\u002Findex-announcements\u002Farticle\u002Fsp-corelogic-case-shiller-index-continued-to-decline-in-september\u002F\">housing market\u003C\u002Fa> today:\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F12\u002F09102420\u002Fhome-price-growth-since-january-2019-MEM.png\">\u003Cimg class=\"aligncenter wp-image-47595\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F12\u002F09102420\u002Fhome-price-growth-since-january-2019-MEM.png\" alt=\"What Every Seller Should Know About Home Prices | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nAs the graph shows, it’s true \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F11\u002F09\u002Fwhats-ahead-for-mortgage-rates-and-home-prices\u002F\">home price\u003C\u002Fa> growth has moderated in recent months (\u003Cem>shown in green\u003C\u002Fem>) as buyer demand has pulled back in response to higher \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F11\u002F21\u002Fmortgage-rates-will-come-down-its-just-a-matter-of-time\u002F\">mortgage rates\u003C\u002Fa>. This is what the headlines are drawing attention to today.\r\n\r\nBut what’s important to notice is the bigger, longer-term picture. While home price growth is moderating month-over-month, the percent of appreciation year-over-year is still well above the home price change we saw during more normal years in the market.\r\n\r\nThe bars for January 2019 through mid-2020 show home price appreciation around 3-4% a year was more typical (\u003Cem>see bars for January 2019 through mid-2020\u003C\u002Fem>). But even the latest data for this year shows prices have still climbed by roughly 10% over last year.\r\n\u003Ch4>\u003Cstrong>What Does This Mean for Your Home’s Equity?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nWhile you may not be able to capitalize on the 20% appreciation we saw in early 2022, in most markets your home’s value, on average, is up 10% over last year – and a 10% gain is still dramatic compared to a more normal level of appreciation (3-4%).\r\n\r\nThe big takeaway? Don’t let the headlines get in the way of your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F11\u002F16\u002Ftop-questions-about-selling-your-home-this-winter\u002F\">plans to sell\u003C\u002Fa>. Over the past two years alone, you’ve likely gained a substantial amount of \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F11\u002F04\u002Fhomeownership-wins-over-time-infographic\u002F\">equity\u003C\u002Fa> in your home as home prices climbed. Even though \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F12\u002F06\u002Fwhats-going-on-with-home-prices-ask-a-professional\u002F\">home price moderation\u003C\u002Fa> will vary by market moving forward, you can still use the boost your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F11\u002F14\u002Fhome-equity-a-source-of-strength-for-homeowners-today\u002F\">equity\u003C\u002Fa> got to help power your move.\r\n\r\nAs Mark Fleming, Chief Economist at \u003Cem>First American\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fblog.firstam.com\u002Feconomics\u002Fhouse-prices-decline-but-equity-buffers-remain-robust?\">says\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“\u003C\u002Fem>\u003Cstrong>\u003Cem>Potential home sellers gained significant amounts of equity over the pandemic\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>, so even as affordability-constrained buyer demand spurs price declines in some markets, \u003Cstrong>potential sellers are unlikely to lose all that they have gained\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you have questions about home prices or how much equity you have in your current home, let’s connect so you have an expert’s advice.","\r\nIf you have questions about home prices or how much equity you have in your current home, let’s connect so you have an expert’s advice.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F12\u002F09102420\u002Fhome-price-growth-since-january-2019-MEM.png",false,[17],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers","2022-12-12T11:00:38Z","2023-02-03T15:33:35Z",{"id":24,"slug":25,"title":26,"featuredImage":27,"publishedAt":28,"contentType":10,"isVideo":15},4442,"reasons-to-sell-your-house-this-season-infographic","Reasons To Sell Your House This Season [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F12\u002F08120834\u002FReasons-To-Sell-Your-House-This-Season-KCM-Share.png","2022-12-09T11:00:12Z",{"id":30,"slug":31,"title":32,"featuredImage":33,"publishedAt":34,"contentType":10,"isVideo":15},4444,"ready-to-sell-todays-housing-supply-gives-you-two-opportunities","Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F12\u002F12131953\u002Fready-to-sell-todays-housing-supply-gives-you-two-opportunities-KCM.jpg","2022-12-13T11:00:01Z",{"cover":36,"open":37,"shareSpread":38},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[40,44,48,49,53,57,61,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153],{"id":41,"name":42,"slug":43},1,"Uncategorized","uncategorized",{"id":45,"name":46,"slug":47},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},7,"Foreclosures","foreclosures",{"id":54,"name":55,"slug":56},8,"Infographics","infographics",{"id":58,"name":59,"slug":60},9,"Home Prices","home-prices",{"id":62,"name":63,"slug":64},11,"First-Time Buyers","first-time-buyers",{"id":66,"name":67,"slug":68},34,"Senior Market","senior-market",{"id":70,"name":71,"slug":72},35,"Mortgage Rates","mortgage-rates",{"id":74,"name":75,"slug":76},38,"Move-Up","move-up",{"id":78,"name":79,"slug":80},41,"For Sale by Owner","for-sale-by-owner",{"id":82,"name":83,"slug":84},42,"Featured","featured",{"id":86,"name":87,"slug":88},45,"New Construction","new-construction",{"id":90,"name":91,"slug":92},52,"Luxury \u002F Vacation","luxury--vacation",{"id":94,"name":95,"slug":96},53,"Rent vs. Buy","rent-vs-buy",{"id":98,"name":99,"slug":100},80,"Time-sensitive","time-sensitive",{"id":102,"name":103,"slug":104},81,"Outdated","outdated",{"id":106,"name":107,"slug":108},147,"Internal","internal",{"id":110,"name":111,"slug":112},148,"Do Not Autopost","do-not-autopost",{"id":114,"name":115,"slug":116},320,"Inventory","inventory",{"id":118,"name":119,"slug":120},321,"Agent Value","agent-value",{"id":122,"name":123,"slug":124},322,"Affordability","affordability",{"id":126,"name":127,"slug":128},323,"Buying Tips","buying-tips",{"id":130,"name":131,"slug":132},324,"Downsize","downsize",{"id":134,"name":135,"slug":136},325,"Economy","economy",{"id":138,"name":139,"slug":140},326,"Equity","equity",{"id":142,"name":143,"slug":144},327,"Forecasts","forecasts",{"id":146,"name":147,"slug":148},328,"Selling Tips","selling-tips",{"id":150,"name":151,"slug":152},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":154,"name":155,"slug":156},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]