What Is the Current State of the Housing Market in Your State?
Home values rose by more than 50% in two years in some states.
from GoBankingRates.com, March, 2022 (excerpt)
If you’re thinking of buying, selling or investing in real estate, forget what you’ve read about the “housing market.” The housing market is actually 50 different housing markets, and if you’re considering making a move, the first step is to understand the situation on the ground where you live — and how that situation evolved over the last two extraordinary years.
Using data from Zillow, GOBankingRates outlined the housing market situation in every state from the beginning of the pandemic to the present. For each state, you’ll see the typical single-family residence home value in terms of both dollar value and percent change, but the study also examined how each state’s housing market changed over one-month, six-month and one-year periods. Any noteworthy revelations from those segments are discussed for each state, as well. …
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February 2020 home value: $740,047
February 2022 home value: $972,147
2-Year change (#): $232,100
2-Year change (%): 31.36%
In terms of dollar figures, Hawaii spent the last two years in a class by itself. The state tallied the steepest increases in the country across every category and every time period throughout the entirety of the pandemic.