Are home values dropping?

Annual home price appreciation dropped last month by 2% month over month, which is the greatest drop since the 1970’s.

However, this would have to continue dropping at 2% for the next six months to get back to an average appreciation amount of 5%.

You might be hearing there is a slowdown, but what’s actually happening is we’re returning to normal appreciation after a hyper-accelerated market during the pandemic.

What are you seeing in your area?