44% of Markets Zoom to Record Price Highs

balloon houseAmong 201 metro areas with populations of at least 200,000, 89 of those metros – or 44 percent – reached new all-time home price peaks in 2016.

Notably, the Dallas-Fort Worth  Market in number one.

  • Dallas-Fort Worth, Texas: $230,571
  • Houston, Texas: $214,795
  • Atlanta, Ga.: $181,000
  • Boston, Mass.: $390,000
  • San Francisco: $720,000

Median home prices in our markets reached its highest peaks in 2016, largely due to lack of inventory, and supply and demand. Buyers are moving and relocating, causing a great deal of competition for quality inventory, and causing homes to sell quickly, and at a higher price than in recent years.  Prices are still rising and if you are considering selling your home now is a great time.  You can fill out the form below and get a free consultation where you can ask questions about selling your home.

Source: RealtyTrac