Housing High

Last month the median existing home sales price was $228,700, way up from the cyclical low of $154,600 in 1/12, and less than one-percent below the all-time high of $230,400 set in 7/06, almost nine years ago. While there’s a good chance a new median sales price record will be set later this year, after accounting for inflation we are still 17.5% below the peak. Still a ways to go.