Single-family home prices increase across the country

    The National Association of Realtors recently published their 4th quarter market report and the findings are very promising. Some of the key takeaways are listed below.

    View the entire report by clicking here

    Single-family home prices increased in 92 percent of measured markets last quarter

    “Single-family home prices increased in 92 percent of measured markets last quarter, with 163 out of 178 metropolitan statistical areas1 (MSAs) showing sales price gains in the fourth quarter compared to a year ago. Fourteen metro areas (8 percent) experienced double-digit increases, down from 18 in the third quarter.”


    At the end of the fourth quarter, there were 1.55 million existing homes available for sale

    “At the end of the fourth quarter, there were 1.55 million existing homes available for sale3, 6.2 percent above the 1.46 million homes for sale at the end of the fourth quarter in 2017. The average supply during the fourth quarter was 4.0 months – up from 3.5 months in the fourth quarter of 2017.”


    The five most expensive housing markets in the fourth quarter were the San Jose-Sunnyvale-Santa Clara, California metro area

    “The five most expensive housing markets in the fourth quarter were the San Jose-Sunnyvale-Santa Clara, California metro area, where the median existing single-family price was $1,250,000; San Francisco-Oakland-Hayward, California, $952,400; Urban Honolulu, $812,900; Anaheim-Santa Ana-Irvine, California, $799,000; and San Diego-Carlsbad, $626,000.”


     

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    Melody Moser

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