Home prices Are Up in 93% of Markets

Home Prices Are Up in 93 % of Markets

• The national median home price for Q2 is up 8.2% to $229,400
• The income needed to afford the median home in each region is directly impacted by the amount of the down payment. The larger the down payment the lower the income needed to pay the monthly mortgage payment.
• The West led the way with the highest median home price at $325,200.

 

 

This is great news as we continue to see a Seller's market, with Buyers continuing to be lured into the market by historically low interest rates! Buying or Selling it's a great time to enter the market!