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How Soon Will Price Growth Slow?

John McClintock Team

Home price growth will start to slow soon, but it may not happen as quickly as buyers hoping to buy this summer would like. — realtor.com Chief Economist

Seasonally, we’re at the point in the year where we tend to see peak home prices, says Danielle Hale, Realtor.com chief economist. “There are a variety of reasons for this, including the fact that a lot of the homes for sale and sold at this time of year are larger, family homes,” says Hale. What’s more, she says while listing prices have shown acceleration or a faster rate of growth, in recent weeks, sales prices have seen steadiness or slight easing in momentum. “This suggests that home prices could be at a bit of a turning point, in which slower growth is on the horizon,” according to Hale.

Are you considering selling and/or purchasing a home in Bucks, Montgomery, Delaware, Mercer, Burlington or Philadelphia? More than ever, you need expert, professional representation. Before you consider making a move, call The John McClintock Team at 267‑759‑9518 for no obligation recommendations on dealing with bids, realistic prices and precise timing to suit your needs.

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Information is deemed reliable but not guaranteed.