- The national median listing price of a home increased 11.1% year-over-year in September, and was $350,000 at the end of the month, according to a report by Realtor.com.
- Per the report, which analyzed the 50 largest US metro areas, home prices are continuing to shoot up, even as we enter the fall.
- Of the 5 housing markets that saw the largest year-over-year home price increases, all by double-digit percentages, 3 are located in the Northeastern part of the country.
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As a result of the coronavirus pandemic, the single-family housing sector has been booming.
Prospective homebuyers are on the hunt for larger spaces, affordable prices, and areas where social distancing is made easier. These desires have put a spotlight on suburban and suburban-like markets outside of major cities, and have driven up home prices.
According to a report by Realtor.com, the national median listing