Home Prices Rose 5.8% in 2014

January 26th, 2015 Categories: Community News, For Buyers, For Sellers

For 2014, the national median existing home price hit its highest level since 2007: $208,500. The median price also represents a 5.8% increase from 2013 ($197,100), data from the NATIONAL ASSOCIATION OF REALTORS® show.

Meanwhile, the number of home sales for the year declined 3.1%. But despite low levels of properties for sale in many markets, the number of single-family homes, townhomes, condominiums, and co-ops that sold in December 2014 rose 2.4% from November and were up 3.5% compared with December 2013. Read the rest of this entry »

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