Asking Prices Jump 10%

Asking prices of newly-listed homes hit a new all-time record of $330,225, up 10% from the same time a year ago. (Redfin)

In a typical year asking prices do not pass the previous year’s peak until March. This early spike in asking prices suggests that this coming spring will see stronger price growth than is typical this time of year. The median home sale price increased 15% year over year to $318,250.