Some slowing in home value increases

It doesn’t seem all that long ago that we reached a low point in home prices. Prices took a nosedive heading to 2009 and then dipped lower in 2011. We did not know when we hit the low point until it was all over.

The good news today is that if you bought a house in 2009 or in 2011 you may have a lot of equity at this point. Prices have been going up but my sense is that price growth is finally starting to slow.

The biggest jump in price in the last ten years was between 2012 and 2013.

Median sale price graph
Median Home sale prices St. Paul, MN

The chart was created from data in the Northstar MLS and is deemed reliable but not guaranteed.

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