Top 10 Cities by Median Price Change | Bedford Hills Real Estate
Strong sales growth this spring whittled down inventories resulting in rising prices in a majority of markets.
Of the 146 markets reporting data in the first quarter, 109 or 75% reported an increase in the median home price compared to the same time period in 2011. This improvement stands in contrast to just 23 markets or 16% that showed a gain over the prior 24-month period from June of 2009 through June of 2011.
Price growth is important for the health of each local market as it boosts consumer confidence and spending, enables more homeowners to refinance to record low mortgage rates, and helps other homeowners avoid rolling into foreclosure