This housing market has many people talking about home values; where they are and where they are headed. It’s also interesting to look back and see how home prices compare to values prior to the housing crisis.
Every quarter, Freddie Mac releases their House Price Index. The index usually provides monthly home values for:
- the nation as a whole
- each of the 50 states
- 367 metropolitan statistical areas
This quarter, the report also included a look at today’s home values as compared to Pre-2008 values. Here is a graphic that breaks down the numbers on a state-by-state basis:
Home Prices are at or above the Pre-2008 Peak in 26 States! The good news is eventually all of these states will be back to above the pre-2008 peak for prices! Most of the states or only 5% away.
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Florida is still 18% below what the prices were in 2008, however this is not everywhere. There are some cities and neighborhoods that are already above the 2008 prices. The only sure way to know if your home is above the 2008 home values is to get a Comparative Market Analysis to know whats happening in your neighborhood and what buyers are willing to pay for your home.
Whether you are thinking of Buying or Selling a Home contact a professional realtor who cares about you and your time.
Contact Jay Cermak Top Fort Lauderdale Real Estate Agent with Keller Williams Realty at 954-235-3589 and schedule a FREE Real Estate Consultation.
Serving all of your South Florida and Fort Lauderdale Real Estate Needs!
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