Waco, TX

There is no doubt that the Waco housing market has been on an upward trend in recent years. The median home price in the city has increased by nearly 20% since 2013, and the number of homes sold each year has steadily increased as well. This is good news for both buyers and sellers in the Waco area.

For buyers, this trend means that there are more options available on the market, and prices are still relatively affordable compared to other markets around the country. For sellers, it means that now is a great time to list your home for sale. If you are thinking of selling your home in Waco, now is a great time to do so!

Of course, no market is ever without its risks. The biggest risk in the Waco housing market right now is that prices could start to plateau or even decline in the next few years. This is due to a number of factors, including the fact that interest rates are expected to rise in 2019 and 2020. Additionally, there is a possibility that the national economy could enter into a recession within the next few years. While it's impossible to predict exactly what will happen, these factors could put downward pressure on prices in the Waco housing market.

However, even if prices do start to level off or decline slightly, this doesn't mean that it's not still a good time to buy or sell a home in Waco. The key is to work with a experienced real estate agent who can help you navigate these trends and make sure you are making the best decision for your specific situation.