THE ADAMS TEAM
Rothwell Gornt Companies
Las Vegas Real Estate Agent Robert Adams Las Vegas Real Estate Blog
The maps show housing prices for 2018 and the projected housing prices by state for 2023.1 The projected housing prices are forecasted by housing-price indices five years from now. Compare the data for all states.
The maps illustrate the housing prices for 2018 side-by-side with the projected housing prices for 2023. Median home selling prices are currently over $400,000 in four markets: District of Columbia, Hawaii, California and Massachusetts. By July 2023, Colorado, Washington, Oregon & New Jersey are expected to join this group as well.
The current national median selling price is $239,542. By June 2023, it is forecasted to reach $307,618 — an annual growth rate of 5.1%.
Twenty states currently have home prices lower than $200,000. That number is forecast to drop to 10 states by 2023. California is expected to have the highest home appreciation rate — 8.5% — and will see its average price rise from $485,000 to $730,413 by June 2023.1
1Source data: CoreLogic®
Data date: 08/25/2018
Data for 06/2018 vs 06/2023 (forecast)
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