The typical spring surge of home sales combined with another dip in listings, continued to drive up home prices across the nation in March. Home prices were up both year over year and month over month in every market but Long Island. Home buyers hoping to take advantage of low rates are facing stiff competition and scarce selection. Until interest rates rise or listings begin to increase, the extreme seller’s market will continue.
The key metrics across 19 major metropolitan markets are:
For the full report including data tables, charts, and a downloadable spreadsheet with historic data, visit the Real-Time Price Tracker in Redfin’s Research Center.
