According to recent data, the national median single-family existing home price has experienced a notable increase of 3.5% in the past year, reaching a value of $391,700. This rise in home prices has been observed across 86% of metropolitan areas in the fourth quarter of 2023.

Key points:
– National median single-family existing home price rose by 3.5% from the previous year to $391,700.
– 86% of metropolitan areas recorded gains in home prices during Q4 2023.

This data highlights the ongoing trend of increasing home prices, indicating a strong and thriving real estate market. As the housing sector continues to flourish, potential homeowners and investors should be aware of the current market conditions and anticipate the potential impact of these rising prices.

You can read this full article at:

Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.