Changes In U.S. Home Prices Over The Last Year
House prices across the United States have skyrocketed in 2022, and the shifting state of the housing market can be seen more apparently by comparing the change in average home costs year-over-year.
Reddit user Oapish used Zillow and Bright Data to visualize how average American house prices changed, by county, between July 2021 and July 2022.
This increase in house prices is mainly because of internal migration. Florida, Texas, Arizona, Tennessee, North and South Carolina top the list for net internal migration from June 2021-June to 2022, and all saw significant boosts in home prices that outweighed the national average during the same period (which was still a crazy 15%, or 6% above inflation even after two years of similar increases).
Of all the U.S. states, the most drastic increase in average home prices can be seen in Florida, where the house cost has risen by at least 28% in most U.S. counties.
