What’s Really Happening with Home Prices? [INFOGRAPHIC]

January 21, 2023 archive. This page preserves a national home-price infographic. Its labels, period and sources need to remain attached to the figures; it does not report current Telluride prices or tell an owner when to sell.

What the graphic showed

The graphic’s latest data is 9.2% year-over-year for November 2022. It describes nearly 10% national year-over-year growth and contrasts it with a 3% to 4% “more normal” annual appreciation reference. The chart labels its more-normal comparison as January 2019 through mid-2020; it does not establish 3% to 4% as a permanent expected return. It attributes the display to S&P Case-Shiller and First American.

Year-over-year and month-to-month movements can differ. Neither makes a local appraisal, tracks the same Telluride homes, or establishes a future price path.

The graphic also quotes First American economist Mark Fleming on potential sellers retaining equity gains from the pandemic despite price declines in some markets. That historical commentary does not calculate an individual owner’s equity or guarantee that prior gains will remain. Estimate current value and loan payoff, then account for selling costs when planning a next purchase.

For a local sale or purchase, use current comparable transactions matched by location, property type, condition, size and date range. For an address-specific comparison, contact Mountain Rose Realty.