Current Home Price Trends

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According to recent data shared by Fannie Mae, about one in four people believe that home prices are going to drop soon. If you fall into the camp of those who think so, here are some things that you need to be aware of.

A lot of this belief is more than likely stemming from what we are seeing in headlines or in the media, but we all must realize that negative news is what sells. It is important to look to professionals in the industry to get the real story on what is happening in general and in your area.

Home Prices Increased For Most of Last Year

Case-Shiller puts out data every month about changes in home prices. If you refer to their data from 2023 you would see that with the exception of January 2023 every month had month-over-month price increases ranging between 0.2% and 0.9%. It is also worth pointing out that in January most markets do see things experience a winter slow down so that would be relatively normal. Not as many people are looking to move during the holidays and at the start of the year so there is less activity seen then. Also, even the amount of decline seen in January at -0.2% was very small compared to the increases seen all throughout the year.

To recap on all of that, Case Shiller explains: “Month-over-month numbers were relatively flat, . . . However, the annual growth was more significant for both indices, rising 7.4 percent and 6.6 percent, respectively.”

If one of the organizations who are experts in tracking home price trends says the very slight dips are nothing to be concerned about then why worry? Even Case-Shiller is stating how those were negligible and how home prices actually grew over the year.

So ultimately the data shows that overall the home prices rose over the past year. If you have questions about what’s trending with home prices in your local area, be sure to reach out and speak with a trusted real estate professional such as myself.

Beth Dickerson

Boston, MA

Primary phone
(617) 510-8565
Email
[email protected]
Address
277 Dartmouth St. , 2nd Floor,
Boston, MA 02116

About The Author

One of Boston’s most reputable real estate brokers, Beth Dickerson has achieved more than $2 billion in sales and thousands of successful real estate transactions over her nearly thirty-year tenure. Beth has received national acclaim from the real estate industry and represents some of the most prestigious residents and properties across Massachusetts. Her enduring record as a top producer comes from the intuitive gift of sensing her clients’ needs. She has built a business that is referral-based at its core—a testament to her relationship-driven approach and penchant for exceeding expectations. It is this nuanced expertise that Beth leverages to guide many of her clients-turned-friends through some of the greatest milestones of their lives.

Beth was the proprietor of her own real estate company before joining the residential division of R. M. Bradley in 1993, where she was a top producer for more than a decade. In 2003, she founded her own boutique real estate firm, Dickerson Real Estate, before merging with Gibson Sotheby’s International Realty in 2007. Today, Beth attributes her success to her comprehensive marketing and advertising strategies, exclusive contact network, and unparalleled insight into neighborhoods like Back Bay, Beacon Hill, the South End and Waterfront. With an understanding that no two clients are alike, she works with clients in all phases of life—from first-time buyers to luxury developers, seasoned sellers and beyond. Beth offers clients the resources to aggressively market their property locally, nationally and globally, and her attention to detail, drive and enthusiasm are unmatched.

Beth has appeared in prestigious media outlets including The Wall Street Journal, Mansion Global, The Boston Globe, and Boston magazine, and was prominently featured as Greater Boston’s real estate expert on WCVB Chronicle in 2020. She has had the honor of serving as President of the Downtown Council of the Greater Boston Real Estate Board. For over ten years, she has been a Co-Chair and Committee Member for the Massachusetts General Pediatric Hospital for Children’s Storybook Ball. She serves as a Board Member of the Community Music Center of Boston and a member for the Perkins School for the Blind, Emerald Necklace Park Conservancy, Justine Liff Luncheon, Youth Villages and the Boys & Girls Club of Boston, among dozens of other organizations throughout the Boston area.

A long-time resident of Boston’s Back Bay, Beth was an active member of the community as she raised her two children: she served as treasurer of the Clarendon Street Playground and was an avid supporter of the Hill House Community Center.