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REALTORS®’ Expect Continued Home Price Growth in Most States in the Next 12 Months

In the monthly REALTORS® Confidence the neighborhood or area where you
property prices over the next year? Among REALTORS® who responded to the March 2017 survey, the median expected home price change in the next 12 months was four percent (3.8 percent in February 2017; 3.7 percent in March 2016), based on the March 2017 REALTORS® Confidence Index Survey Report up home prices.

The map below shows the median expected price change of the respondents in the next 12 months at the state level.[2] Thirteen states, led by Washington, Colorado, and Utah, had median expected price growth in the range of four to seven percent. The oil-producing states of Alaska and North Dakota have respondents expect a decline in Alaska home prices and growth of two percent in North Dakota in the next 12 months.
Looking at the values over time in selected states, the median expected price change appears to be increasing again, indicating that respondents expect demand to remain strong, even as home prices continue to rise.
expected price change in the next 12 months is higher than the expected price change one year ago. Commentaries, by Scholastica (Gay) Cororaton, Research Economist Index Survey, the National Association of REALTORS®
make most of your sales, what are your expectations for Report. [1] Lack of supply amid strong demand has propped the lowest median expected price change rise.[3] In many states, the on asks members “In residential

[1] The median expected price change is a measure that represents the middle value of the distribution of responses.
[2] To increase the number of observations for each state, NAR uses data from the last three surveys.
[3] The selected states shown in these charts are those with approximately 150 observations.
Scholastica (Gay) Cororaton, Research Economist

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About Area

The ancient mountains, rolling hills, and pristine creeks and rivers of the North Georgia mountains have a way of calling you out into the wild, no matter the season. And the majestic mountain setting that makes the outdoors so fun and inviting also provides some of the most amazing backdrops for a home as well. Many natives to the area have perfected the art of “porch swing sitting” and will be happy to share their notes with those who need to relax a bit. With so many homes having views of nothing but the majesty of nature in many different forms, it’s no wonder the art of sitting quietly to unwind is widespread. It’s also widely understood and ensured that these mountains will remain pristine for many generations to come. The Chattahoochee National Forest makes up a large majority of land in the region, and therefore it will remain virtually unchanged and undeveloped by people for many, many years to come. The bounties of the land and celebration of mountain heritage are favorite themes for the many festivals held throughout the area and throughout the year. Local farmers, mountain artisans and entertainers have a huge, artistic and loving stage on which to showcase their talents. People from all over the world and from all walks of life come to enjoy the good food and good times of these southern Appalachian festivals. The incredible display of Mother Nature in these mountains is definitely a great reason to find a home here, add to that the never ending events and abundance of talented and lovely people and there’s really no reason not to.

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