Median home price is a much better measure since it is less skewed by huge transactions at the top end. Median is still bad at ~$560,000.
The same report has median stats too, up 30k since last month.
Sheesh. That’s bad news for us wannabe homeowners.
Seriously, how do people just starting off afford houses now? I’m lucky enough to have bought our first place 13 years ago when it was still possible to by a place with a 2 in the starting digit. How can people just starting out even hope to buy a house for half a million dollars minimum?
Is everyone up to the eyeballs in debt?
its a lot of out of state money coming in. Sell their home in Cali or New york for way more value and pay cash here.
And I imagine investment firms as well just gobbling up properties so they can rent them out at exorbitant rates.