South Florida Real Estate and Community News

June 21, 2023

Are Home Prices Going Up or Down? That Depends…


Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M). Here's an explanation of each. 

Year-over-Year (Y-O-Y):
  • This comparison measures the change in home prices from the same month or quarter in the previous year. For example, if you're comparing Y-O-Y home prices for April 2023, you would compare them to the home prices for April 2022.
  • Y-O-Y comparisons focus on changes over a one-year period, providing a more comprehensive view of long-term trends. They are usually useful for evaluating annual growth rates and determining if the market is generally appreciating or depreciating.
Month-over-Month (M-O-M):
  • This comparison measures the change in home prices from one month to the next. For instance, if you're comparing M-O-M home prices for April 2023, you would compare them to the home prices for March 2023.
  • Meanwhile, M-O-M comparisons analyze changes within a single month, giving a more immediate snapshot of short-term movements and price fluctuations. They are often used to track immediate shifts in demand and supply, seasonal trends, or the impact of specific events on the housing market.

The key difference between Y-O-Y and M-O-M comparisons lies in the time frame being assessed. Both approaches have their own merits and serve different purposes depending on the specific analysis required.

Why Is This Distinction So Important Right Now? 

We’re about to enter a few months when home prices could possibly be lower than they were the same month last year. April, May, and June of 2022 were three of the best months for home prices in the history of the American housing market. Those same months this year might not measure up. That means, the Y-O-Y comparison will probably show values are depreciating. The numbers for April seem to suggest that’s what we’ll see in the months ahead (see graph below):

That’ll generate troubling headlines that say home values are falling. That’ll be accurate on a Y-O-Y basis. And, those headlines will lead many consumers to believe that home values are currently cascading downward.

However, on a closer look at M-O-M home prices, we can see prices have actually been appreciating for the last several months. Those M-O-M numbers more accurately reflect what’s truly happening with home values: after several months of depreciation, it appears we’ve hit bottom and are bouncing back.

Here’s an example of M-O-M home price movements for the last 16 months from the CoreLogic Home Price Insights report (see graph below):

Why Does This Matter to You?

So, if you’re hearing negative headlines about home prices, remember they may not be painting the full picture. For the next few months, we’ll be comparing prices to last year’s record peak, and that may make the Y-O-Y comparison feel more negative. But, if we look at the more immediate, M-O-M trends, we can see home prices are actually on the way back up.

There’s an advantage to buying a home now. You’ll buy at a discount from last year’s price and before prices start to pick up even more momentum. It’s called “buying at the bottom,” and that’s a good thing.

Bottom Line

If you have questions about what’s happening with home prices, or if you’re ready to buy before prices climb higher, let’s connect.

Posted in Buying a Home
Aug. 1, 2021

New Listing! Boynton Beach, FL

🚨 New Listing 🚨
Take a look at this great new listing that just hit the market.

Stunning Home with Enclose Florida room overlooking the Lovely Lake View! Completely Renovated, top of the line everything!
🏠 9050 Woodlark Terrace, Boynton Beach, FL 33472
💲 $395,000
🛏 3 Bedroom
🛁 2 Bath

 New Whirlpool appliance, new tile plank Floors, New Paint, New custom Cabinets, indoor laundry room, washer, dryer front loaders and much more! Too many upgrades to list! Accordion Shutters! Full work shed in back. Room for private Pool and/or addition. Sought after quiet, lush, community in ''A'' rated school district. Tons of amenities. Low HOA that incudes internet, cable, and common area. Community Pool, Tennis courts, Basketball, Tot lot, Clubhouse, Walking paths, racquetball, and Recreational vehicle compound for rent all within walking distance inside community grounds. Room for private Pool and full work shed in back.

Reach out here or at (954) 600-0844 for more information!

The Marcelin Home Team
United Realty Group
Posted in Market Updates
March 3, 2021





11:00 AM – 3:00PM


📍6560 Paul Mar Drive, Lake Worth, FL


💰Asking: $925,000 




You Are Invited


Tropical 🌴Paradise: Island Estates 🌴

Exclusive Waterfront Community Located on The Shores of Lake Osborne In Lake Worth, Florida.


This home features direct lake view, large private dock which overlooks the lively bird sanctuary. Spacious 5 bedrooms 4.5 bathrooms plus den and attached separate entrance private in-law suite. The house is Completely Renovated!





For More Info On This Listing or to schedule a private showing on Sunday


Click Here

Posted in Buying a Home
Feb. 28, 2021

Welcome to Island Estates! Newest Listing: 6560 Paul Mar Drive, Lake Worth, FL

Welcome to Island Estates!

Newest Listing: 6560 Paul Mar Drive, Lake Worth, FL




Welcome to Island Estates an exclusive waterfront community located on the shores of Lake Osborne in Lake Worth, Florida. This unique architecture designed home situated on the very sought-after Lake Osborne communality is truly a rare find. This home features direct lake view, large private dock which overlooks the lively bird sanctuary. Spacious 5 bedrooms 4.5 bathrooms plus den or office space and attached separate entrance private in-law suite. The house is Completely Renovated!
The interior of this home features neutral paint, and beautiful tile and hardwood floors throughout. The kitchen is extremely spacious with a large center island, updated appliances and abundant cabinet space the adjacent family rooms offers spectacular views of the pool and water on an oversized lot. Enjoy the screened in heated pool within a private fenced in yard. Relax afterwards in the newly renovated indoor sauna.
The stunning remodeled pool and large patio will be your favorite spot to enjoy amazing sunsets over the water. The master suite features a walk-in closet, a completely updated master bathroom, plus stellar waterfront and pool views. A roomy shower, beautiful and modern built-in vanity, and porcelain tile makes this a bathroom a spa like retreat! One of the 5 bedrooms is located on the ground floor with its own bathroom, an ideal, private space for your visiting friends or family


Call Today For Your Private Showing!


Follow The Link Below For More Photos & Details

Click Here

Posted in Real Estate News
July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates