How Rising Home Prices Affect You as a Homeowner

You’ve probably heard the headlines—home prices keep going up! But what does that actually mean for you as a homeowner?

Hey, I’m Kelly Day with simpliHŌM, and if selling has been on your mind, this could mean a bigger payday than you expected. Let’s break it down.

How Much Have Home Prices Really Increased?

Typically, home values rise 2-5% per year. But over the last few years, we’ve seen double-digit growth! In 2021-2022, home prices shot up by 20% or more in some areas.

That means if you bought your home a few years ago, you’re probably sitting on WAY more equity than you think. And that’s wealth you can use to:

✅ Buy your next dream home

✅ Pay off debt or invest

✅ Make home improvements

What This Means If You’re Thinking About Selling

💰 Your home might be worth MORE than you think. Even though the market is stabilizing, prices are still strong.

📈 You may have gained enough equity to upgrade. If you’re outgrowing your home, now could be the perfect time to sell and move up!

🏡 Buyers are still in the market. Even with higher interest rates, demand remains strong, especially in desirable neighborhoods.

Next Steps

If you’re curious about what your home is worth in today’s market, let’s chat! I can give you a complimentary home valuation so you can see how much equity you have—and what your options are.

Send me a message today, and let’s strategize your next move!