REALTOR® respondents from Washington and Nevada expected the highest price growth, with the median expected price growth at more than five to six more percent.
Asian and Pacific Islander members comprise a small share of NAR members responding to the survey, at just 6%.
Sales of distressed properties accounted for four percent of sales in October 2017, a decline from a peak of about 50% in 2009.
The highest share of homes are sold between the $200,000 to $299,999 price range, and start to taper off as the price of homes increases.
Amid strong demand and tight supply, REALTORS® reported that properties that sold in October 2017 were typically on the market for 34 days, down from 41 days in October 2016.
It is estimated that value of owners’ household real estate was increased by 1.4 trillion in the last year and 116 billion came from home price increases in September.
We look at how fast properties are selling and the price appreciation in these areas, using market data from realtor.com.
Eighty-nine percent of respondents reported that home prices remained constant or rose in October 2017 compared to levels one year ago.
Multi-generation homes are becoming more common and the importance of living close to friends and family.
Overall, all regions are displaying growth in property values with only a few states showing no growth or losses.
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