U.S. Home Prices Again Reach New Peak in the Second Quarter

  • The median sales price for a U.S. single-family home was $269,000 in the second quarter, an all-time high.
  • The San Jose metropolitan area was America’s fastest-appreciating housing market, with the $1.41 million median sales price up by 18.7 percent from the second quarter of 2017.
  • Though millennials should be helping to drive sales activity, less than half of them believe that homeownership is a good investment.

The Bay Area’s two largest cities were among America’s fastest-appreciating housing markets in the second quarter, with prices in San Jose up by 18.7 percent, the most in the nation. Home prices in San Francisco rose by 12.6 percent from the second quarter of 2017.

San Jose and San Francisco remain America’s most expensive housing markets, with respective median sales prices of $1.41 million and $1.07 million. Three other California metro areas rank among the country’s 10 priciest places to buy a home: Anaheim ($830,000), San Diego ($645,000), and Los Angeles ($557,200). Read more on the @bethanywpatten

#housing #blogging #economy #realestate #realestateagent #PacUnion #PacificUnion #bethanywpatten #selling #loveyourhome #sanfrancisco #sanjose #bayarea

 

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