Feb 7 2018 37430 1

Feb 7 2018 37430 1

NEW YORK – Feb. 6, 2018 – Strong demand and low inventories fueled home prices to record highs in 2017. The median home price in the U.S. reached $235,000, up 8.3 percent from 2016, according to real estate data firm ATTOM Data Solutions.

Still, annual price appreciation showed signs of slowing; in 2016, the national median home price jumped 8.5 percent year over year, according to ATTOM's latest housing report.

Sixty-four of 112 metros (57 percent) set a new record for metro-level home prices in 2017, including Los Angeles, Dallas, Houston, Atlanta, and San Francisco. Among 112 metros, each with populations of 200,000 or more, the cities with the biggest year-over-year price increases were Ocala, Fla. (up 14.3 percent); Kansas City, Mo. (13.4 percent); San Jose, Calif. (13.3 percent); Salem, Ore. (12.9 percent); and Nashville, Tenn. (12.5 percent).

Among major metro areas with populations of at least 1 million, the cities that posted double-digit gains included Las Vegas (up 12.3 percent); Salt Lake City (10.9 percent); Seattle (10.8 percent); Orlando, Fla. (10.7 percent); Tampa-St. Petersburg, Fla. (10.7 percent); Portland, Ore. (10.5 percent); and Jacksonville, Fla. (10.1 percent).

Miami-Fort Lauderdale-West Palm Beach also ranked in the 1-million-plus category, with the area's 2017 price rise at 8.9 percent.

© Copyright 2018 INFORMATION INC., Bethesda, MD (301) 215-4688


Team H and L Miami Headshot
Author:
Phone: 305-458-3583
Dated: February 7th 2018
Views: 34
About Team: Team H&L Miami @ Real Estate Empire Group is a fast growing boutique Real Estate firm established in...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Apr 20 2018 37430 1 - 9 Home Improvements That Can Help
Apr 19 2018 37430 1 - What You Need To Know About
Apr 17 2018 37430 1 - In the Market for a House? A
Apr 16 2018 37430 2 - 6 Inexpensive Home Staging Tips

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Real Estate Empire Group
10200 NW 25 St Suite A100
Doral, FL
305-912-8809
305-592-8989