Home values in the Houston area are up over the past year, but lag the national appreciation rate, a new report shows. I don’t know how Zillow get’s away with publishing home values in the first place. RealCentralVA has graphs that show sales declines are much steeper in this area. Please enter your email below below, and we’ll send you a new code to reset your password. We use MLS data on recently sold homes in your area to calculate your property’s current market value.
Single-family home values continue to be higher in the vast majority of markets but the gap is narrowing in many, thanks to the faster appreciation rates of condos in recent years. Over the last 12 months, home values decreased 0.6 percent, and during the last five years, home values increased 40.9 percent.
Using an automated valuation model that incorporates a wide range of data available on individual homes, it estimates ongoing property values both for properties that are on the market and those that are not. Home values continued to climb throughout 2016, with many regions now surpassing or nearing their highs prior to the housing collapse.
Suburbs favoured by the some of the world’s richest people, such as Kensington and Chelsea have seen values tumble by more than 10 per cent from their post-recession peaks. The February Real Estate Market Reports show that national home values decreased 0.5% to $145,400 from January to February.
We’re looking to buy but are obviously concerned that prices have (a lot?) more to fall in this area. For verification of Print Subscriber offers (e.g. epaper, Digital Access, Subscriber Rewards), please input your Print Newspaper subscription phone number and postal code.