You may have heard that market prices are increasing, but what does that really mean? The national median price (where exactly half of the houses priced for less and half priced for more) has risen 23.4% in the last year to $363,300. Existing homes priced below $250,000 currently account for 28.5% of market sales, whereas last year the homes in this price range accounted for 41.2% of the market.
Specifically, in the South, the median home price increased from last year by 21.4% to $311,600.
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