House appraisal services play a crucial role in the real estate market, providing a professional estimation of a property's value. These services are essential for both buyers and sellers to ensure fair pricing and to facilitate financing from lending institutions. As the housing market experiences fluctuations and trends evolve, it's important to understand three key statistics that highlight the impact and importance of home appraisals.

1. Prices 

One notable statistic is that, according to Core Logic, home prices nationwide increased by 2% in April 2023 compared to April 2022, even when considering distressed sales. This indicates a resilient housing market, where appraisers need to constantly update their knowledge and expertise to reflect the changing values accurately. An increase in home prices influences appraisals directly, as it can lead to higher valuations, impacting both property taxes and potential selling prices.

2. Appraisal Time 

Another vital statistic involves the average time taken to complete an appraisal. According to our professional experience, on average, property appraisals can take anywhere from 3 to 10 days to complete, depending on the complexity of the property and the current demand for appraisals in the area. This timeline affects transaction speeds, making it crucial for homeowners and buyers to schedule house appraisal services promptly during the buying or selling process. Understanding these timelines can help navigate potential delays that might occur in real estate transactions.

3. Growth 

The real estate appraisal profession is projected to experience growth. According to the Bureau of Labor Statistics, there will be a 5% increase in employment for appraisers and assessors of real estate from 2022 to 2032. This growth is spurred by the ongoing need for professional valuation services, especially as more properties become available in growing markets. The demand for skilled appraisers is crucial, as they provide critical data and analysis that influence property purchases, sales, and lending decisions across the country.



Understanding the statistics surrounding house appraisal services is crucial for anyone involved in the real estate market. The consistent increase in home prices, the timeline for appraisals, and the projected growth in the appraisal profession all underscore the growing importance and dynamic nature of this field. Staying informed can lead to better decision-making in purchasing, selling, or investing in real estate. For accurate and timely home appraisals, contact Anthony Appraisers Inc today!