Lower Priced Homes Are Gaining Ground

Lower Priced Homes Are Gaining Ground

graph of pricing tiers for homes
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A CoreLogic report highlights why home sale increases statistics confuse both buyers and sellers.

“According to their numbers, National Home Prices increased +4% year over year in December.”

“The Housing Price Index (HPI) has increased on a year-over-year basis every month for more than 7 years and has gained +63% since hitting rock bottom in March 2011.”


The average consumer pumps their fist and then calculates a +63% appreciation on their home and wonders why it’s not selling.  Number crunching requires local market knowledge and a little more insight than national trends.

Food for thought is the results of CoreLogic’s analysis of 4 individual home-price tiers.
graph of pricing tiers for homes

As you can see from the chart above the lowest price tier increased +5.9% year-over-year in December 2019.  However, the highest tier only increased by +3.7%.  Still, a good jump increases are not the same for all price ranges.

The local Greater Cincinnati real estate market has it’s own unique characteristics.  Some higher-priced areas are experiencing more days on market above certain price points. 

Want to get your home sold?  It’s important to consult a Realtor® with knowledge of the neighborhood and confidence to tell sellers the truth about pricing!