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 profit.

How To Prepare Your House For Sale
Expert insights on selling it quickly and for top dollar

By Nathan Gesner
Your Local Real Estate Expert

Free Guide: How To Prepare Your House For Sale

How To Prepare Your House For Sale
Expert insights on selling it quickly and for top dollar

By Nathan Gesner
Your Local Real Estate Expert

Do too little and you’ll leave money on the table — or worse, not sell your house at all. Do too much and you’ll lose time or money on things that don’t have a good return on investment. This is why I created this free guide to help you prepare your house just the right amount... ...so you can sell it for as much as possible, and as quickly as possible.

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