March housing inventory was up for the first time since 2010, but this is taking a back seat to the continuing rise in home prices.
Looking at 38 unique markets, Movoto Real Estate’s monthly report found that the median list price per square foot index was up 7.1% over where it was in March of 2013 to $186. Compared to March 2012, it is drastically up 23.2%.
Out of all the markets studied, 34 witnessed a year-over-year increase in median list price per square foot, with only two remaining the same and two recording slight decreases.
But nothing tells the story better than an infographic (see below), which shows the state of the April 2014 housing market.