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You are here: Home / Blog / Market Trends

Report: Home prices up 7 percent nationwide

April 30, 2018

If you own a home, chances are good that your wealth has gone up a few notches in the past year. The most recent Home Price Index Report from CoreLogic, finds that home prices were up 7 percent from March 2017 to March 2018.

According to an April 2017 article from the National Association of Realtors, the median home price in March 2017 was $236,400. This means the average homeowner has gained nearly $17,000 in wealth from their homes over the past year. The major increases in home values are due, in large part, to an inventory shortage across the country which is creating serious competition and driving up home prices.

But this seller’s market can’t last forever, and most experts predict the increase in home values will slow in the upcoming year. So if you’ve been thinking about selling, now is the time to make a move and put your home on the market. With your property’s increased value and a still-hypercompetitive environment, now’s a good time to fetch top dollar for your home.

Filed Under: Market Trends Tagged With: Home Prices

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"We were out-of-town buyers and bought our condo sight unseen. First time ever we did this but Russ helped us every step of the way. He sent us videos of the condo, showed the condo to our friend who lives in Green Valley, set up home inspections, and explained differences in Arizona real estate laws/processes to us clearly. He also sent us a timeline on when specific tasks needed to be completed, and he was always available to discuss questions or concerns. We never felt pressured – only felt that we were working with a professional who was looking out for our best interests. We would use him again in a heart beat!"
- J.S., Green Valley, AZ
"As Real Estate Brokers in Hawaii for more than 40 years, we know how important a good agent is when looking to buy property when you can’t be there. After seeing a property listed by Russ, we called and talked with him. He came across as very knowledgeable, competent, helpful, and friendly so we asked Russ to send us new listings for the type of property we were looking for, which he did. When a property came up that we liked we contacted Russ and had him arrange to show the place to our son who lives in Green Valley. Everything looked great so we had Russ write and present our offer, which was accepted. Russ followed through with everything required and kept us up to date each step through escrow and the final closing. We are very happy with how Russ treated us and made sure everything got done when it needed to be done. Every step of this purchase was handled by phone and email. We recommend Russ to everyone looking for a good agent to represent them in Real Estate."
- J.H., Anchorage AK
"I left the area early in the selling process, Russ handled everything for me and kept me informed about what was happening. He answered all of my questions promptly and did all of the extras that needed to be done. I put my trust in him and he didn’t fail me. I do recommend him for handling the sale of your home, and for finding you one to buy."
- J.A., Sahuarita AZ
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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and year-round Green Valley resident. Whether you’re buying or selling a home in the Green Valley or Sahuarita area, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

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