If you've been putting off your plans to move because you were worried about home values taking a dive, let's chat. Home prices have bottomed out and are on the upswing again. This goes to show, the worst home price declines are behind us, and they’re rising again nationally.
Looking at last year in the housing market, we can split it into two parts. In the first half of 2022, home prices shot up like crazy. Then, when summer rolled around, there was a bit of a dip as prices corrected from the sky-high peaks we saw early that year. And, by around September, things started leveling out. And now they’re climbing again, and they have been for months.
If you're curious about how this is playing out in our area, I'm your go-to for the latest information. If you want an in-depth look at home prices in our market, I can tell you exactly what’s going on in our local area.
In the meantime, get the September 2023 South Bay and Palos Verdes Market Intelligence Reports for the latest market trends for your neighborhood!