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You are here: Home / Blog / Market Trends

Home Prices Up Nearly 10 Percent over LY in December

February 9, 2021

Home Prices Up Nearly 10 Percent over LY in December

There’s no denying that 2020 was an extremely challenging year. But one area that flourished in 2020 was the real estate market — and more specifically, the market was great for sellers. Low inventory and high buyer demand drove up home prices around the country.

But just what kind of home value increases did homeowners see in 2020?

According to CoreLogic’s most recent Home Price Insights report, home prices increased 9.2 percent from December 2019 to December 2020 — the largest annual home price gain since early 2014. That means if your home was valued at $325,000 in December 2019, by December 2020, that same home was worth $354,900 — an increase of $29,900.

So, what does that mean for you? If you’re a homeowner, chances are, your home is worth a lot more today than it was just a year ago. So if you’ve been thinking of selling, now is a great time to make a move and sell your home for a healthy profit.

Filed Under: Market Trends Tagged With: Home Equity, Home Prices

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"Russ Fortuno not only made our Green Valley AZ home purchase happen, he made it easy. We live in Eastern Washington and wanted to buy a vacation home in Green Valley but were apprehensive about buying a property without physically seeing it. Russ made the process easy. He supplied us with walk-through videos of every property we showed interest in, paying special attention to any issues the property might have. By the time we actually saw the property we were purchasing, we felt like we had been there a number of times. Russ walked us through the buying process from beginning to end! We highly recommend Russ and will use him for all or our real estate needs."
- D.W., Chattaroy, WA
"I listed my home with Russ and he had an offer for me within 7 days. I had listed with two other Realtors with no success. I have bought and sold several homes in my lifetime and I will say that Russ is the best Realtor that I have ever had."
- G.S., Green Valley AZ
"I can’t say enough about what an outstanding job Russ did for us! We decided to retire to AZ and after touring several areas in the state, we chose the Tucson area. I found Russ online and reached out to him to help us find our retirement neighborhood and home. Russ spent a day showing us all of the different neighborhoods in both Sahuarita and Green Valley that met our requirements and were within our budget. By the end of the day, we had chosen four neighborhoods. Russ then found four homes for sale in our chosen neighborhoods; two in our favorite! The next day, Russ took us to tour the four homes and by the end of the second day, we made an offer. We are relocating from Kentucky and Russ has been there for us every single step of the way. He has been invaluable in making this entire experience smooth and exciting for us! His service after the sale has been equally exemplary!"
- E. W., 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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