Home Prices Reach New High as Low Inventory Drives Growth

Originally published on June 3, 2021 by Rachel Conner for Realtor.com.

Realtor.comĀ® Housing Report: Home Prices Reach New High at $380,000 in May

Price Growth Remained in Double Digits for 10th Straight Month in May; Price Growth Moderation Expected Later in 2021
-- Lack of available homes for sale push U.S. median listing price up 15.2% year-over-year
-- The number of homes for sale ended the month 50.9% lower than last year
-- Larger metros offer buyers lower price gains and larger growth in newly listed homes
-- Nationally, homes are selling more than a full month faster than last year and 19 days faster than the typical time on the market from 2017 to 2019
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