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Home Prices Spiked by Double-Digits in 78% of Metro Areas in Third Quarter of 2021

Home Prices Spiked by Double-Digits in 78% of Metro Areas in Third Quarter of 2021

posted: 11/10/2021

Strong homebuyer demand and limited housing supply led to median sales prices rising for existing single-family homes in all but one of 183 measured markets in the third quarter of 2021.

This is according to the latest quarterly report from the National Association of RealtorsĀ®, which found that 78% of 183 markets experienced double-digit year-over-year price increases, fewer than in the prior quarter (94%). Three metro areas saw price gains of over 30% from one year ago, also fewer than the number in the previous quarter (12).

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