The National Association of REALTORS® quarterly home prices increased again this quarter. Prices continue to drift up this quarter and outpacing qualifying incomes. With less inventory, faster price growth may become a challenge for potential homebuyers. Here is a look at the metro areas for the top five most and least affordable of the third quarter 2017 as well as a look at the median existing single-family home price year over year percentage change for the top five highest and lowest growth metro areas of the third quarter 2017.
These are the most affordable metro areas for the third quarter 2017:
These are the least affordable metro areas for the third quarter 2017:
These are the top five metro areas that had the highest home price appreciation:
These are the bottom five metro areas that had a decline in home price appreciation: