Home price increases driven by lack of inventory

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The NAR report found that the price for a median existing single-family home increased in 81% of the markets measured. 

February 18, 2016
Home price increases driven by lack of inventory

Photo: Roger W/Creative Commons.

A National Association of Realtors 2015 fourth-quarter report found that U.S. home prices, driven by a lack of inventory, continued to increase at an accelerating rate through the quarter.

The NAR report found that the price for a median existing single-family home increased in 81% of the markets measured. The national median existing single-family home price was up 6.9% from the fourth quarter of 2014 to $222,700.

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