Why Home Prices Aren’t Actually Flat – The Real Story in Today’s Housing Market
You’ve probably seen headlines saying home prices are flat, but the truth is more complicated. National averages may make it seem that way, but local housing markets tell a very different story. According to recent data from Zillow and ResiClub, about half of the country’s major metro areas are still seeing prices rise, while the other half are experiencing slight declines.
The biggest reason for the difference? Inventory. Markets with more homes for sale are seeing prices ease, while areas with limited inventory continue to see steady price growth. So when you hear that prices are “flat,” remember it’s an average that doesn’t reflect what’s really happening in your neighborhood.
If you’re buying a home, local trends can impact how quickly you need to make an offer and how much room you have to negotiate. If you’re selling, understanding your area’s price trends helps you list strategically and attract serious buyers.
At the end of the day, real estate is local. Even if national numbers look steady, what’s happening in your zip code may be very different.
Bottom Line: Don’t rely on national headlines to guide your real estate decisions. Connect with a trusted local real estate expert who can walk you through what home prices are really doing in your area.
