Ever-Rising Home Prices Hit a New All-Time High
Ever-Rising Home Prices Hit a New All-Time High
The meteoric rise in home prices isn t slowing down. The new record-high list price is a result of the severe shortage of properties on the market.
Clare Trapasso, provided by
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The meteoric rise in home prices isn t slowing down.
The national median home list price hit $370,000 in March a new record high, according to a recent realtor.com® report. The increase in prices, a 15.6% increase over last year, is a direct result of the severe shortage of properties on the market just as first-time and trade-up buyers seeking larger homes have flooded the market.