NAR: 2Q Metro Home Prices Up in 96% of Metro Areas

Kennith Bogan

At the end of the next quarter, the U.S. experienced one.57M existing homes for sale – eighteen.two% a lot less than a calendar year ago and equal to a four-thirty day period supply at the current profits tempo.

WASHINGTON – Median single-spouse and children home charges rose calendar year-about-calendar year in ninety six% of measured marketplaces in the next quarter (2Q) of 2020, in accordance to the most current quarterly report by the Nationwide Affiliation of Realtors® (NAR). Out of 181 metropolitan statistical regions, 174 saw profits price tag gains – the exact same variety as in the very first quarter of 2020.

The nationwide median existing single-spouse and children home price tag in 2Q was $291,three hundred, a four.two% calendar year-to-calendar year improve. Even so, it’s still a slower tempo of appreciation compared to the pre-pandemic charge of seven.seven% in the very first quarter.

“Home charges have held up

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