Existing Home Prices Reach New All-Time High
A New All-Time High
Did you know June marked the 76th straight month of year-over-year gains in the median price of an existing home? The median price hit $276,900 in June, up 5.2 percent from this period last year.
This ongoing supply and demand imbalance across the country helped push June’s median sales price to this new all-time high.
Existing-home sales decreased for the third straight month in June, as declines in the South and West exceeded sales gains in the Northeast and Midwest, according to the latest numbers from National Association of REALTORS®.
Time to Sell?
According to a recent NAR survey, seventy-five percent of people believe that now is a good time to sell a home. What do you think?
Time to Focus on Affordable Housing
Taxes on real estate are not the answer. Sign the petition calling on Congress to address our country’s housing shortage.