Realtor Cody Roberts

Are you worried about recent headlines saying home prices are dipping? Here's some perspective for you.

In most places, prices are still rising, just at a much slower pace. And even in spots where prices have dropped, it was only a slight decline. Not a big crash.

You need to put those drops in context. Over the past five years, home prices rose by an average of 55% nationwide. That long-term gain far outweighs any short-term shift.

Remember the five-year rule: home values usually rise over time. Even if prices drop a bit for a year or two, they tend to bounce back (and then some) over time.

If you want to know what’s happening to home prices in our area, DM me.

You may have heard inventory just hit a post-pandemic high. And nationally, it’s up more than 30% from this time last year.

That might have made you start to worry: “does this mean the market is going to crash?” Here’s some perspective that can help.

Even with that jump (shown in the white line), we’re still well below normal levels (the gray lines in the graph). And beyond that, we’ve been in a housing shortage for years because builders haven’t been able to keep up with demand.

So, rising inventory isn’t a warning sign – it’s a signal the housing market is finally returning to a more stable, healthy place.

If you want to know what inventory looks like in our area, let’s talk.

Did you know? Nearly half of 18–26-year-old homebuyers today are getting down payment money from their parents.

And one thing that may be making that possible? Their parent’s home equity.
Right now, the average homeowner has over $300K in equity. And some parents are using some of that to help their children buy a home.

If you’re interested in learning more, talk to your lender and a trusted financial advisor.