Contact to us

News

Know about market updates

NAR: Home prices are rising but at a much slower pace

The national median existing single-family home price increased 3.9% annually to $254,800 in the first quarter of 2019. Despite this increase, Q1’s total now sits just below the annual increase of 4% in the fourth quarter of 2018. NAR Chief Economist Lawrence Yun said in order to combat slower price gains, the construction industry needs to develop more affordable housing units.
Source: 1