Ideally, you want to list your home during a time when you can get the highest price for your property. And if you’ve been thinking about selling, here’s some news for you—that time is now.
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which measures home prices in multiple markets across the country, rose a whopping 6.5% from March 2017 to March 2018 (the most recent data available).
What does that mean for you? If your home was valued at $250,000 just a year ago, that same home is worth $266,250 today—an increase of $16,250. And the higher the price tag on your home, the more you stand to gain. Homes priced at $375,000 one year ago saw a gain of $22,500, while homes priced at $500,000 gained an impressive $32,500 in value.
The Takeaway
If you’ve been thinking about selling, take advantage of the rising home prices and list your home. These dramatic increases won’t last forever, and most experts predict most markets will cool off later in the year, making now the perfect time to sell.