NAR: double-digit price gains in nearly every metro

Photo by Bryce Boehler on Unsplash

Boise, Idaho made the list of markets with more than a 30 percent price gain compared to a year ago.Ā 

REALTOR Magazine

Home prices continued to surge in the second quarter as housing shortages and high buyer demand continue to persist amid the pandemic.

The median sales price of single-family existing homes increased in 99% of the 183 metro areas tracked in the second quarter compared to a year ago. Ninety-four percent of the markets posted double-digit price increases, according to a new report released Thursday by the National Association of REALTORSĀ®.

The median sales price of single-family existing homes climbed nearly 23% to $357,900. That marks a $66,800 jump from a year ago, according to NAR.

Find the report here: NAR: Double-Digit Price Gains in Nearly Every Metro