Search
    Dashboard
    Listings
    Searches
    Sign in / Sign up

Daytona Beach Property Search

Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

  • Menu
  • Home
  • Buy
  • Sell Your Home
  • Blog
  • About
  • Contact

The Latest Expert Forecasts for Home Prices in 2023

The Latest Expert Forecasts for Home Prices in 2023 Simplifying The Market

If you’re contemplating a move, you may feel anxious due to the rumors about home prices crashing this year. However, you can rest assured that the data and experts indicate that prices are not on a downward trend and will conclude the year on a strong note. So, read further to make your decision based on these facts.

Despite the speculations that the prices of homes would drop by 5, 10 or even 20 percent this year, it hasn’t happened yet. The primary reason behind this is the insufficient supply of homes available for sale. There is a higher number of buyers in the market seeking to purchase a house, but the limited supply has resulted in fairly stable pricing.

To prove that this year’s home prices weren’t a bust, let’s take a look at the latest 2023 forecast from multiple experts..

Most Experts Project Home Prices Will Net Positive This Year

The general consensus from industry experts is that home price appreciation will actually be positive for 2023. The graph below shows the latest 2023 year-end forecasts from six different organizations:

 

As you can see, all but one project nationally prices will net positive this year. That’s significant because it shows the majority are optimistic about home price growth.

If you’re still worried about the one red bar indicating an overall drop in home prices for the year, remember this: The National Association of Realtors (NAR) projects only a slight decline, not the big crash that many headlines called for. Additionally, if you average all six forecasts together, the expectation is that prices will increase by around 3.3% for the year.

Consider the following six organizations, which should be enough to convince you that home prices are expected to remain stable. One of these six forecasts is the Home Price Expectation Survey (HPES) from Pulsenomics. It is a combination of survey results from more than 100 economists, investment strategists, and housing market analysts. According to HPES, the average prediction of all 100 experts is a 3.3% growth in home prices for the year.

If you look back at the graph above, you’ll notice the blue average for the forecasts in this graph is also 3.3%. While individual forecasts may vary, both the HPES survey and the average of these forecasts provide the same projection. And 3.3% appreciation is a completely different story than prices falling.

Bottom Line

If you’re worried about home prices falling this year, let the experts reassure you. Based on the average of the latest forecasts, home prices will actually show positive growth this year. If you have questions about what’s happening with home prices in your area, connect with me and lets talk about whats going on!  386-315-4744.

GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
72 Lincoln Street St. Augustine FL 32084
New Listing - 2 hours on site
1 / 22
$449,999
2
BEDS
2
TOTAL BATHS
1,029
SQFT
72 Lincoln Street St. Augustine, FL 32084
Single Family Residence For Sale
- Active

Historic Lincolnville home beautifully remodeled. Built in 1912, this home was fully restored in 2018 and is like new. This updated Lincolnville home offers 2 bedrooms, 1.5 bathrooms, the spacious open kitchen has shaker cabinets, blue backsplash, m

Listing courtesy of Carol Bigelow of 1st Florida Realty LLC
614 Landshark Boulevard Daytona Beach FL 32124
New Listing - 15 hours on site
1 / 97
$439,900
2
BEDS
2
TOTAL BATHS
1,563
SQFT
614 Landshark Boulevard Daytona Beach, FL 32124
Single Family Residence For Sale
- Active

Live vibrantly in this upgraded Antigua Villa in Latitude Margaritaville—perfect for those seeking the ability to live their best life now. Enjoy light plank tile flooring, tropical designer paint, and French doors on the den for a flexible guest spa

Listing courtesy of Kelley Sarantis of Bob Hodges and Sons Realty
213 S 26th Street Flagler Beach FL 32136
New Listing - 18 hours on site
1 / 47
$610,000
3
BEDS
2
TOTAL BATHS
1,406
SQFT
213 S 26th Street Flagler Beach, FL 32136
Single Family Residence For Sale
- Active

Welcome to your dream beachside retreat in Flagler Beach! Perfectly situated just one block from the sandy shoreline and one block from the tranquil Intracoastal Waterway, this move-in ready 3 bedroom, 2 bath pool home offers the ultimate Florida lif

Listing courtesy of James Brodick of Realty Pros Assured

Check out some of these most popular home searches here at Daytona Beach Property Search

  • Homes for sale on the Intercoastal waterway
  • Homes and Condos for sale with Seller Financing Available
  • Homes for sale in Port Orange along Spruce Creek Rd
  • Port Orange Homes for sale with Boat Docks
  • New Construction Town Homes in Plantation Bay
  • Homes For Sale in LPGA
  • Homes For Sale in the Spruce Creek High School District ( TOP RATED SCHOOLS)

Whats Going On @ My YouTube Channel

 

DOWNLOAD MY LATEST REAL ESTATE GUIDES

  

Related posts:

  1. Expert Home Price Forecasts Revised Up for 2023
  2. What Experts Project for Home Prices Over the Next 5 Years
  3. Home Price Forecasts Revised for 2023 [INFOGRAPHIC]
  4. What’s Ahead for Home Prices in 2023

Posted in: Blog, Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

Post navigation

« Are Grandparents Moving To Be Closer to Their Grandkids?
Growing Your Net Worth with Homeownership »
James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

Latest Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?
  • Don’t Let These Two Concerns Hold You Back from Selling Your House
  • The Big Difference Between Renter and Homeowner Net Worth
  • Should You Sell Your House or Rent It Out?

Move To Florida Check Out These Cities

  • Daytona Beach – Homes And Condos For Sale
  • Daytona Beach Shores – Homes And Condos For Sale
  • Port Orange Florida – Homes And Condos For Sale
  • Ormond Beach Florida – Homes And Condos For Sale
  • Ponce Inlet Florida – Homes And Condos For Sale
  • New Smyrna Beach – Homes And Condos For Sale
  • Flagler Beach Florida – Homes And Condos For Sale

BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

Popular Daytona Beach Properties

  • Move To Daytona Beach
  • Condos For Sale
  • Homes For Sale
  • Gated Community Homes For Sale
  • Golf Course Homes For Sale
  • Luxury Condos For Sale
  • Riverfront Homes For Sale
  • Multi Family Homes For Sale
  • Pool Homes For Sale
  • Large Garage Homes For Sale
  • 55+ Community Homes For Sale

Popular Daytona Beach Neighborhoods

  • Pelican Bay Golf Community
  • Latitude Margaritaville Jimmy Buffet’s 55+ Community
  • LPGA Golf Community
  • Indigo

Greater Daytona Beach Area Towns

  • Daytona Beach – Homes And Condos For Sale
  • Daytona Beach Shores – Homes And Condos For Sale
  • Port Orange Florida – Homes And Condos For Sale
  • Ormond Beach Florida – Homes And Condos For Sale
  • Ponce Inlet Florida – Homes And Condos For Sale
  • New Smyrna Beach – Homes And Condos For Sale
  • Flagler Beach Florida – Homes And Condos For Sale

Today’s Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?

James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

Daytona Beach Property Search By City

  • Daytona Beach
  • Daytona Beach Shores
  • Ponce Inlet
  • Port Orange
  • Ormond Beach
  • Flagler Beach
  • New Smyrna Beach

Contact James Today

James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

Daytona Beach Property Search Sitemap