What the housing market looks like in 25 populous metros

A record rise in home prices across the country was brought about by record-low interest rates on home loans, soaring demand from buyers, and a housing shortage exacerbated by hesitancy among developers.

Sundae looked to its internal database of homes to show what houses look like at five different price points, ranging from $100,000 to $1 million, in 25 different metros. For each price point in each metro, Sundae lists how many houses were for sale from July 2020 through July 2021, as well as show an example and characteristics of one of these homes.

In June, properties remained on the market for an average of just 17 days—24 less days than the year prior—and the median price for an existing home was up 23% over June 2020, according to a report from the National Association of Realtors. Out of all homes on the market, 90% have generally been selling within one month.

Continue reading to find out more about the housing market in 25 parts of America.

TownNews.com Content Exchange

Tags

TownNews.com Content Exchange

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.