Prices in Florida and Colorado are more likely to increase over the next twelve months

Realtors forecast an increase of property prices from 5 to 6 percent in Florida and Colorado.

According to a Survey conducted to Real Estate agents to measure the confidence index of REALTORS® in Market in July 2015, they foresee that housing prices will continue to increase over the next twelve months; which is an average of 3.6 percent.

Pricing expectations vary according to the locality. Colorado and Florida agents were more sanguine on their forecast with the increase of prices, who expected an average from 5 to 6 percent. All respondents expect that the increased average price is from 4 to 5 percent.

The Survey conducted among 3000 realtors reported a decrease due to the market slowdown. Buyers’ confidence changed to 62 in July, while vendors’ confidence remained bellow 50, an index that indicates that according to interviewees the expectations were weaker than forts.

Prices and affordability of houses are the main concern of agents, though they also express concerns about the lack of houses for sale. According to report demand continues to outstrip supply in states such as, California, Washington, Oregon, Nevada, Colorado, Massachusetts and Florida. Furthermore, supply conditions are showing improvements in Texas, Utah, North Dakota, South Dakota, Montana and Wyoming.

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