Real Estate Home Appreciation – Last 12 Months
Nationally, the median average sales price fell for the first time in our reporting history, from $229,000 a year ago to $225,000 at the end of this August. Only one region had a price gain – the west by a very slight 0.29%. The other three regions fell – down 3.9% in the Northeast, 1.12% in the Midwest, and 2.65% in the South.
The median price is that price where half the homes sold for a higher price and half sold for a lower price.
Data Source: National Association of Realtors