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Home Prices See Biggest Jump Since 2014

Late last year was the first time that home prices saw a double digit increase since January 2014, according to Selma Hepp, deputy chief economist at CoreLogic. Additionally, the broader S&P Corelogic Case‑Shiller national price index, which covers the entire country, demonstrated a 10.4% gain year‑over‑year in December, up from 9.5% the prior month.

The factors contributing to the breakneck pace of home-price appreciation remain the same, even in the New Year. Demand for housing remains extremely high — millennials are in their prime home-buying years, and the pandemic accelerated a trend of people leaving cities for more space in the suburbs.

How long will this trend continue? No one can predict with certainty. If you're considering selling your Delaware Valley home, call the area's exprienced John McClintock Team to discuss your options.

Source: National Association of Realtors, realtor.com

See prices of other homes across the county Bucks County that are currently for sale, have a pending sale, and/or have sold recently. Go to our Blog Home Page. There you wil find easy access (just 2-clicks) to our daily updates.

Considering selling or buying your Bucks County home?
Before you list your home for sale, call The John McClintock Team at 267‑759‑9518 for no obligation recommendations on pricing and an overview of our comprehensive marketing package that includes, home staging, brokers' open house, virtual tour, video tour and social media sharing.

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Information is deemed reliable but not guaranteed.
Copyright 2021, John P, McClintock.