Survey Shows Annual Price Growth of 15.6% – Will It Continue?

The most recent statistics from housing survey (8/8/2022) show nationwide year-on-year appreciation at 15.6%.

That rate of price growth also seems to hold close to Central Ohio appreciation rates, too.

Will this rate of growth continue next year?

My studies would indicate a slowing rate of growth moving forward.

An example of a slowing rate of growth would be a rate closer to 5-6% annually, definitely not 15.6% anymore.

This fall I also expect to see some season erosion of property values.

Some sellers will be over-pricing their homes, but with fewer buyers in the market, price reductions will be more common.

Have a great week!

David Baker,Broker/Owner

Baker Realty Group


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