January 9, 2019

The Daily Bean | Real Estate Forecast: What Homes Will Be Worth in 2019

The Daily Bean | Real Estate Forecast: What Homes Will Be Worth in 2019

The Daily Bean | 1.9.19 | Issue 038

Welcome to The Daily Bean! The mission of The Daily Bean is to give you daily tips, resources, and timely information that you can act on to maximize your real estate career at Bean Group.

NEWS / INSIGHTS

If you’re working with sellers, it’s important to know how home prices in each state are expected to change in 2019, and where homes are becoming more valuable.

In most cases, the U.S. home values by state are expected to rise from 2018 to 2019 – which makes for a great sellers’ market. Here’s how the forecast looks for NH, ME, MA, and VT:

NEW HAMPSHIRE

September 2019 Median Home Value: $285,568
Change in Home Values Between 2018-2019: $15,368
Summary: “The median home value is expected to increase by 5.7 percent in New Hampshire over the next year. It’s currently $270,200.”

 

MAINE

September 2019 Median Home Value: $249,098
Change in Home Values Between 2018-2019: $20,698
Summary: “The average home in Maine will rise in value from $228,400 to nearly $250,000 from 2018 to 2019. The 9.1 percent value increase is the third largest of all the states, and $20,698 is the ninth-highest change in terms of dollars of all the states.”

 

MASSACHUSETTS

September 2019 Median Home Value: $438,130
Change in Home Values Between 2018-2019: $36,630
Summary: “Home values in Massachusetts are rising rapidly, with an expected 9.1 percent increase from 2018 to 2019 — tied with Maine for the third-largest percent increase of all the states. It’s also expected to have the third-largest monetary increase in median value of all the states. Massachusetts is projected to have the fourth-highest median home value in the U.S. next year.”

 

VERMONT

September 2019 Median Home Value: $201,383
Change in Home Values Between 2018-2019: $1,383
Summary: “Home values in Vermont are only expected to rise 0.7 percent from 2018 to 2019. That’s the third-smallest expected increase of all the states where home values are rising.”

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