The national median existing single-family home price rose by 6.2 percent year-over-year during the second quarter, according to new data from the National Association of Realtors (NAR). The median home price in the second quarter was $255,600, which surpassed the third quarter of 2016 price of $241,300 as the new peak for a quarterly median sales price.
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Thirty-one metro areas in the fourth quarter (17 percent) experienced double-digit increases – an increase from 14 percent in the third quarter. For all of 2016, an average of 87 percent of measured markets saw increasing home prices, up from the averages in 2015 (86 percent) and 2014 (75 percent).
Tight supply and high demand pushed home prices in September to a new peak nationally. Prices were 5.5 percent higher than September of 2015, up from the 5.1 percent annual gain in August, according to the S&P CoreLogic Case-Shiller Index. The index has now surpassed its previous peak of July 2006.
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Hiking up home prices. home prices have hit a new peak. According to new data, U.S. house prices just experienced their biggest quarterly increase in four years.
U.S. Median Home Prices Reach A New Peak In Q2 2019. reaching a new peak, up 3 percent from last quarter and up 4 percent from Q2 2018.. the latest spike in median home prices marked the largest quarterly increase since the second quarter of 2015 and the third biggest increase since the.
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The national median single-family home price hit $240,900 in the third quarter, up 5.2% from last year’s $228,900 and last quarter’s $240,700. It just hit the current peak in quarterly median.