Tag Archives: markets
Home values have been increasing in some markets so rapidly, recently, that some have speculated that we are creating another “housing bubble”. Economists say this is not the case. The cause of rapidly increasing home selling prices, and multiple offers with selling prices going considerably over asking, is inventory related. The inventory of homes for
Nationwide, median asking prices continue to rise, reaching $189,900 in February. Meanwhile, inventories of for-sale homes on the market are reaching record lows, Realtor.com reports in its latest analysis of February MLS data. The markets seeing some of the largest increases in asking prices are the areas seeing some of the largest declines in inventories.
Prices of for-sale homes are on the rise in several metro areas. According to Realtor.com, which tracks 146 metro markets, the following areas have seen their median list prices increase the most from March to April: 1. Minneapolis-St. Paul, Minn.-Wis. Monthly median list price increase: 7.90 percent Median list price: $199,500 2. Santa Barbara-Santa Maria-Lompoc,