Home prices are up, both year-over-year by 5.9%, and month-over-month by 1.3%, comparing May 2016 to May 2015. Although foreign interest peaked last year, local home prices will still increase by another 5.3% year-over-year, from May 2016 to May 2017.
Housing remains stable with home prices rising year-over-year between 5% and 6% for 22 consecutive months. The highest resale activity in nine years and a still-tight housing inventory continues to drive consistent growth in the housing market.
The Sign of Respect
Auburn Properties Realty and Management 310 275 4800