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Sign into your accountMay's Hottest Real Estate Markets
June 27 2017
Summer Real Estate Market Heating Up
Temperatures are rising, but there will be no lazy lolling on the beach for would-be home buyers this summer.
According to new data from realtor.com®, prices for residential real estate soared to new heights in May—and homes were swiftly scooped off the market by a lucky few.
Earlier this spring, the nationwide median home list price pushed above $250,000 for the first time. Now at $275,000, the median list price is 10 percent higher than one year ago. And prices show no signs of easing. In addition to rising home prices, inventory also increased slightly from April to May with 560,000 new listings, but that was still a drop of 11 percent from May of last year. Tough news for buyers, but great news for real estate professionals!