Buyer Beware: Home Prices Will Only Get Higher


Daily Real Estate News | Tuesday, May 16, 2017             Here is a closer look at how existing-home sales performed across the country in the first quarter:  
  1. Northeast: Existing-home sales dropped 2.2 percent but remain 4.2 percent above the first quarter of 2016. Median single-family home price: $255,000, up 2.2 percent from a year ago.
  2. Midwest: Existing-home sales fell 4.3 percent in the first quarter but remain 1.6 percent higher than a year ago. Median single-family home price: $176,600, up 5.7 percent from a year ago.
  3. South: Existing-home sales increased 5.8 percent in the first quarter and are 5.8 percent higher than a year ago. Median single-family home price: $209,000, up 8.8. percent a year ago.
  4. West: Existing-home sales rose 1.6 percent in the first quarter and are 7.4 percent higher than a year ago. Median single-family home price: $342,500, up 8.4 percent from the first quarter of 2016.
                Source: National Association of REALTORS®



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