Urban Real Estate

Home Prices Continue Climb

Home Prices Continue Climb

Nationwide home prices in metro areas increased for the third consecutive quarter, according to the National Association of Realtors.

The median price for existing single family homes rose 6.9 percent, an increase from $217,200 to $232,100 since the first quarter of last year. It's also the fastest pace of growth since the fourth quarter of 2015.

Total existing home sales were 5.72 million in the first quarter, also an increase from the previous year, up 1.4 percent.

 

Read more at Chicago Agent Magazine here.