A survey was completed of 50,000 practicing Realtors throughout the country and on average they expect prices to rise by 3.9% this year.
Florida Realtors were a bit more aggressive with a 5% Florida overall rise in prices within the next 12 months.
I also believe the prices will rise by 5% in the next 12 months, however the mortgage market is still very tight at the moment. Not necessarily tight in the obvious ways of home buyers needing jobs, credit, down payment money, etc., but tight in the scrutiny applied to those factors.
If/when the mortgage market loosens up a bit, and it will happen, I'd say we are in for ride!
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Listing information last updated on October 19th, 2019 at 6:23pm EDT.