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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 is an exceptional real estate professional. He is personable, responsive and really knows the Green Valley real estate market. Additionally, Russ is a strong buyer’s advocate, good listener and business professional. He gave his honest opinion on places and did not push in any way. Living in Northern California, we required an agent who has a spectrum of knowledge about Green Valley as well as being able to navigate a transaction via long distance. Trust is key in all real estate business but really was crucial with our purchase. Russ showed us many properties prior to COVID, we ended up putting an offer on a property that we didn’t see until the inspection was completed. Having trust in Russ made our long distance home purchase possible. It was a little scary doing business this way but I can say that we are very happy with our condominium and Russ made such a purchase smooth and a relatively easy process. I whole heartedly recommend Russ to anyone seeking real estate in the Green Valley area, we will use Russ for all our future Green Valley real estate business."
- S.M., Redding CA
"Russ was very good to work with, patient with questions and showed me a number of properties. Russ was not pushy, always polite and showed me properties that fit with what I was looking for. It was a pleasure to work with Russ."
- J.K., Green Valley AZ
"Excellent service, he sold the house in 2 days. I will definitely recommend him. He’s so easy to work with and very knowledgeable of the area. "
- D.K., Green Valley 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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