- Strong sales growth this spring whittled down inventories resulting in rising prices in a majority of markets.
- Of the 146 markets reporting data in the first quarter, 109 or 75% reported an increase in the median home price compared to the same time period in 2011. This improvement stands in contrast to just 23 markets or 16% that showed a gain over the prior 24-month period from June of 2009 through June of 2011.
- Price growth is important for the health of each local market as it boosts consumer confidence and spending, enables more homeowners to refinance to record low mortgage rates, and helps other homeowners avoid rolling into foreclosure.
- For the latest Local Market Reports from NAR Research, click here.
Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.