Median Home Price Hits Record High
The median price of U.S. single-family homes hit an all-time high of $266,000 in the second quarter of 2019, HousingWire reports.
That’s up 10.8% from the previous quarter and up 6.4% from a year ago, according to the latest report from ATTOM Data Solutions.
Median home prices in 89% of the 149 metros analyzed in the report saw price appreciation gains in Q2, the report showed.
“In looking at historical trends, the second quarter of every year has always shown a quarterly increase, going as far back as 2005,” Teta noted. “So, with mortgage rates dipping to new lows, it’s no surprise that people were wanting to buy a home, even if prices were at their peak. We expect to see milder home prices in the coming quarters.”