U.S. Median Home Listing Price Hits High Of $300,000
Posted by PollyAnna Snyder on
The U.S. Median home listing price recently hit a historic high of $300,000 according to realtor.com’s March housing data. That’s up 7 % from last March. Despite a slowing housing market, prices in a number of metros are still increasing, many at lower rates than a year ago. “This is the first time we’ve seen that number hit the $300,000 point nationally,” explained Danielle Hale, chief economist at realtor.com. With the spring buying season kick-off, Hale expects “steady price growth to continue in 2019, with the exception of areas like San Jose.”
This happened despite that inventories kept increasing, though at a slower pace. Realtor.com saw national inventory grow 4 % this March compared to March 2018. That number jumped to a 9% increase when you…
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