REALTORS® Expect All States to Post Price Gains in Next 12 Months
NAR – Based on responses to the November 2012 REALTORS® Confidence Index Survey, all states are expected to see home price increases in the next 12 months. The graph below shows the median expected price change for the next 12 months. The states are classified into “low” (0.5% – 2.4 %), “middle” (2.4- 2.9%), and “high” (2.9 -5.6%) expectations.
- States that suffered heavily during the housing bust, such as California, Nevada, Texas, and Florida, are in the group of states expecting the highest prices increase, as much as about 5 percent (upper third).
- Most Northeastern states, including New York, are expecting the lowest price increase.
- Across all states, the median expected price change for the next 12 months is 3.1 percent.
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