What Will Colorado Homes Be Worth 1 Year from Now?
We can't always predict the future, but it's nice to know what may be ahead.
There's no beating around the bush, buying a home is a major investment. A home means security and a place to make memories while living out your life, but you want to spend your money wisely. One day that home will be sold.
And if the market is right, maybe that will happen sooner than you think.
Recently, GO Banking Rates crunched some numbers and calculated some predictions about home values across the nation. As it sits right now, the value of homes is expected to rise in the majority of states, which is great news. However, as reported in Yahoo Business, states will experience this rise at different rates.
In Colorado, the median home value this year is $401,825. This is a 9.2 percent increase from the value we saw last year, which amounts to about $33,735 more from the home value of $368,100 in 2018. Our increase is actually the second-largest in the nation and will make for a killer seller's market.
Sounds like if you're looking to sell, it's a great time to do so!