Median Price For Existing Single-Family Homes Down
The National Association of Realtors released a statement saying that median home prices were down in 100 of 149 metropolitan areas during the first 3 months of this calendar year…
On a national level the median price of an existing single family home for the first 3 months of the year was $196,300 according to the report.
To give you a frame of reference, the median price of an existing single family home for the first 3 months of last year was $212,600…
This report comes out a little late however as there does appear to be signs of the real estate market bottoming out recently…
Maybe not so much that the real estate market is bottoming out but more like correcting itself afters years of inflated home values.
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