Home Prices Up Nearly 10 Percent YoY in December

Dated: February 15 2021

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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.

The Takeaway:

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 pr

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Nicole Gates

As a wife, mother of 5, retired military spouse, Yuba/Sutter native, and a seasoned real estate professional, Nicole recognizes and values the trust her clients place in her. She strives every day to ....

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