Understanding Home Prices with Krista Klause: A 2023 Recap

Feeling puzzled by the home price headlines? Let Krista Klause, your trusted realtor in San Antonio and surrounding areas, give you the full story beyond the news snippets.

2023: A Year of Normal Growth

Last year, we witnessed a return to the typical, healthy pace of home price growth. Despite the noise, national data confirmed an overall positive trend for 2023. Seasonality played its usual role, with spring and summer seeing peak activity and price increases, and a natural moderation as we moved into fall and winter.

The Seasonality Effect

The housing market dances to a rhythm of highs and lows each year, known as seasonality. Data from Case-Shiller illustrates this pattern over decades, showing that price dips in late months don't signal a crash but rather a regular seasonal adjustment.

What the Headlines Missed

Focusing on short-term declines misses the broader, more stable trend of home price appreciation throughout the year. In fact, when viewing 2023 within the context of long-term market behavior, we see that prices aligned closely with historical patterns, emphasizing the market's return to normalcy post-pandemic boom.

Looking Ahead

As mortgage rates become more favorable, we anticipate continued price appreciation. With demand rising and supply still constrained, prices are expected to maintain their upward trajectory.

Bottom Line

Don't get tangled in the headlines. For a clearer picture of home prices and market trends in San Antonio, reach out to Krista Klause. With expertise and insight, she's here to guide you through the market's ebbs and flows, ensuring you have the information you need to make confident decisions.

📞 Have questions about the market? Contact Krista Klause for informed, friendly guidance on your real estate journey.