Home prices month-over-month have depreciated for the past four months on record, but there’s a strong case to be made that the worst may be behind us.
Expert forecasters aren’t calling for a free fall in prices. In fact, if you look at the latest data, there’s a case to be made that the biggest portion of month-over-month price depreciation nationally may already be behind us – and even those numbers weren’t significant declines on the national level.
Instead of how far will they drop, the question becomes: have home values hit bottom?
Looking at the data below, we can see this month-over-month change. It may not confirm that depreciation is behind us, but it does confirm prices aren’t in a free fall and may be an early signal that the worst is already behind us.
Showing both buyers and sellers this slide should help clear up any confusion about home prices plummeting any time soon.