Economists' Outlook

Housing stats and analysis from NAR's research experts.

REALTORS® Expect Slower Price Growth in Next 12 Months

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?”

The map below shows the median expected price change in the next 12 months among REALTORS® who responded to the June–August 2016 RCI surveys, according to the August 2016 REALTORS® Confidence Index Survey Report. Price expectations vary by area, and the median expected price change is a measure that represents the middle value of the distribution of responses.

The areas of strongest expected price growth are in the District of Columbia and Washington, where the median expected price growth was more than five to six percent. REALTOR® respondents from Oregon, Colorado, Tennessee, South Carolina, and Florida also expected strong price growth of greater than four to five percent.

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With prices having increased steeply since 2011, REALTORS® expect prices to grow at a slower pace in the next 12 months, with half of the respondents expecting home prices to increase by 3.1 percent or less.

12 months

 

 

In many states, REALTORS® expect prices to increase but at a slower pace in the next 12 months than was expected in previous months.[1]

pacific 12
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northeast 12


[1] The data shown here are states with observations of about at least 150 over the rolling three-month period.

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.

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