Those who have been considering buying a home in 2019 but haven’t yet gotten off the fence about it: Today’s topic is for you. There are a couple of statistics I’d like to share that will explain why it’s in your best interest not to wait to buy:
In 2017, the average sales price in Clark County was $236,000. Between 2017 and 2018, that number jumped up $22,000 to $258,000. Between 2018 and 2019, the average sales price jumped again to $269,000.
Given that, do you think you should wait until 2020 to buy a house? Do you want to pay another $22,000 for the same house?
Granted, I don’t have a crystal ball and I can’t say for sure that the average sales price will rise by that amount, but with the trends we’ve seen over the last several years, it’s a safe bet that home prices will only continue to rise.
Of course, you could continue to rent for another year, but guess what? Rents are going up, too. By buying a house now, you’ll be able to lock in a payment that won’t change for 30 years. I highly encourage you to jump off the fence now, lock in your rate, and settle into your new home before the economy becomes any more expensive.
If you’d like an agent to help you navigate the home buying process, feel free to reach out to me. I’d love for you to meet with one of our buyer specialists to see how they can help you.