House prices continuing to slip, latest data shows
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House prices still seem to be going in the wrong direction.
Cotality’s latest Home Value Index shows the national median fell 0.2% in June.
Average values are down 0.8% for the previous quarter, 0.9% year on year, and 17.5% on the early 2022 peak.
Real estate agent Rawdon Christie told Ryan Bridge that prices in the second half of the year are likely to be influenced by three main factors.
He says expectations around interest rates, whether listing numbers tighten, and buyer confidence heading into spring will impact things going forward.
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