Median Home Prices Reach A New Peak In Q2

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According to their latest U.S. Home Sales Report, ATTOM Data Solutions says that U.S. single family homes and condos sold for a median price of $266k in Q2, which was up 10.8% from Q1 and up 6.4% from one year ago.  This figure represents a new median home price peak.  In addition, they report that homes sold during this period had been owned an average of 8.09 years, up 3% from the previous quarter and also reaching a new high.

“As warmer weather brings a rush of house hunters to the market, 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 market started climbing out of the Great Recession in 2012,” said Todd Teta, chief product officer at ATTOM Data Solutions.

Click here to read the full report at ATTOM Data.

 

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Director of Education & Outreach, National Real Estate Investors Association