2022 Home Prices Expected to Continue to Rise

By Fremont Real Estate Agent - January 08, 2022

Last year the average increase in home prices per Zillow was 19%, this year they are predicting the average increase will be 11%.

To give you an idea of what this means, take a look at these numbers.

2021 BOY	2021 EOY	2022 EOY
$840,336	$1,000,000	$1,110,000
$924,370	$1,100,000	$1,221,000
$1,008,403	$1,200,000	$1,332,000
$1,092,437	$1,300,000	$1,443,000
$1,176,471	$1,400,000	$1,554,000
$1,260,504	$1,500,000	$1,665,000
$1,344,538	$1,600,000	$1,776,000
$1,428,571	$1,700,000	$1,887,000
$1,512,605	$1,800,000	$1,998,000
$1,596,639	$1,900,000	$2,109,000
$1,680,672	$2,000,000	$2,220,000
$1,764,706	$2,100,000	$2,331,000
$1,848,739	$2,200,000	$2,442,000
$1,932,773	$2,300,000	$2,553,000
$2,016,807	$2,400,000	$2,664,000
$2,100,840	$2,500,000	$2,775,000

If you had bought in the beginning of 2021 you would have paid around $840K, at the end of the year the home was going for $1M and by the end of 2022 it'll be selling for $1.111M.

This story has been consistent every year since the market rebounder after the sub-prime crash. There was one hiatus in stead upward climb which was between June to Dec 2018. If you are planning to buy, soone is always better.