NAR: Median Home Prices Up 4.8 Percent – NMP Skip to main content

NAR: Median Home Prices Up 4.8 Percent

Phil Hall
Nov 01, 2018
The national median existing single-family home price in the third quarter was $266,900, up 4.8 percent from $254,7000 in the third quarter of 2017, according to new data from the National Association of Realtors (NAR)

The national median existing single-family home price in the third quarter was $266,900, up 4.8 percent from $254,7000 in the third quarter of 2017, according to new data from the National Association of Realtors (NAR).
 
Single-family home prices increased in 166 of the 178 metro areas, or 93 percent, tracked by NAR, with 18 metro areas recording double-digit increases. San Jose was the most expensive metro, with a median existing single-family price of $1.3 million, while Ohio’s Youngstown-Warren-Boardman metro had the lowest price at $97,600. While prices were on the rise, annualized total existing-home sales were down in the third quarter by 2.6 percent to a seasonally adjusted annual rate of 5.273 million.
 
“Though inventory is more than adequate on the upper-end market, the insufficient supply of low to mid-priced homes in metro markets with strong job growth continues to drive up prices and push prospective buyers out of the market,” said Lawrence Yun, NAR Chief Economist.

 
Published
Nov 01, 2018
Class Action Lawsuit Filed Against Equifax Over Glitch

Complaint stems from errors in credit scores made earlier this year.

Industry News
Aug 08, 2022
Birchwood Credit Services Promotes New Chief Operating Officer

Barrett Elliot has been with national provider of mortgage credit reporting services since 2010.

Industry News
Aug 08, 2022
Redfin 2Q Revenues Up, Profits Down

Company officials said that in the third quarter they expect total revenue between $590 million and $627 million.

Industry News
Aug 05, 2022
Mutual of Omaha Mortgage Announces Wholesale Division

Loans available through its own platform and in partnership with ReadyPrice, LenderPrice, and Loansifter.

Industry News
Aug 05, 2022
MISMO Seeks Public Comment On 3 eMortgage Resources

Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.

Regulation and Compliance
Aug 05, 2022
Deal With Opendoor Allows Zillow Back Into iBuying Business

As it releases rough 2Q earnings report, Zillow announces partnership with former rival.

Tech
Aug 04, 2022