【NAR】3rd Qtr. Metro Home Prices

Home Prices Spiked by Double-Digits in 78% of Metro Areas in Third Quarter of 2021

• The median sales price of single-family existing homes rose in 99% of 183 measured market areas in the third quarter, with double-digit price gains in 78% of the markets.
• From one year ago, the median sales price of single-family existing homes rose 16% to $363,700 (22.9% in the prior quarter), an increase of $50,300.
• With higher home prices, the monthly mortgage payment on a typical existing single-family home with 20% down payment increased to 16.6% of the median family income.

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