Week of August 27, 2018

Real estate selling price

Month-over-month change in selling prices for May 2018

Month-over-month change in selling prices for May 2018
Show: Hide: View full data
BannerHead
BannerTail
State Month-over-month change
in selling price
Median selling price
for May 2018
Median selling price
for April 2018
AK -4% $283,975 $295,656
AL 5.8% $137,564 $130,000
AR 7.4% $145,000 $135,050
AZ -1.3% $235,000 $238,000
CA 2.6% $488,500 $476,000
CO 2.3% $363,100 $354,900
CT 1.5% $238,500 $235,000
DC 1.9% $563,450 $553,000
DE 14.5% $228,000 $199,040
FL 2.4% $215,500 $210,500
GA 2.8% $185,000 $180,000
HI 6% $545,950 $515,000
IA 7.2% $142,000 $132,500
ID -0.1% $237,500 $237,625
IL 0.5% $195,000 $194,000
IN 4.4% $165,625 $158,673
KS 5.5% $207,786 $196,875
KY 3.7% $140,000 $135,000
LA 3% $170,000 $165,100
MA 4.1% $398,000 $382,500
MD 5.6% $285,000 $270,000
ME 8.9% $220,045 $202,020
MI 6.4% $149,000 $140,000
MN 3.7% $226,591 $218,500
MO 2.6% $172,500 $168,093
MS -1% $193,383 $195,326
MT 3% $261,824 $254,316
NC 2.1% $191,000 $187,000
ND 2.4% $213,000 $208,000
NE 2.6% $159,000 $155,000
NH 3.8% $220,000 $212,000
NJ 5.8% $290,950 $275,000
NM 3.9% $208,258 $200,350
NV 0% $275,000 $274,945
NY -6.7% $238,000 $255,000
OH 7.9% $135,000 $125,100
OK 6% $133,500 $126,000
OR 0.6% $315,000 $313,000
PA 5.3% $168,500 $160,000
RI 2.9% $252,000 $245,000
SC 3.7% $184,000 $177,430
SD -20.6% $115,000 $144,818
TN 7.1% $166,000 $155,000
TX 6.1% $236,250 $222,668
UT 2.4% $307,130 $300,000
VA 2.3% $271,000 $265,000
VT 3.7% $189,430 $182,750
WA 6.2% $361,000 $340,000
WI 4.7% $162,300 $155,000
WV 17.2% $134,750 $115,000
WY 2.5% $230,075 $224,541

This map compares each state's month-over-month selling price for May 2018. In the light gray states, prices have gone up between April and May. This would suggest a seller's market where buyers may face increased competition. West Virginia and Delaware had the highest month-over-month price increases — all above 14% — likely indicating that their housing markets are gaining strength.

The full data lists the median selling prices in April and May 2018 for each state. The actual numbers can give some insight into the amount of inventory compared to demand from homebuyers. According to the data, 44 states had selling prices increase in May 2018, indicating that home prices continue to rise at a fast pace.

Median selling prices are currently over $300,000 in many popular seller's markets including District of Columbia, Hawaii, California, Massachusetts, Colorado and Washington. District of Columbia had the highest median selling price in May 2018 at $563,450.1

1Source data: CoreLogic®  
Data date: 07/25/2018

This publication is provided for your convenience and information only. Bank of America, N.A. assumes no liability for loss or damage as a result of your reliance on information in this publication. Photos are for illustration purposes only and are not to be construed as an endorsement of a particular product or company. Unless expressly disclosed otherwise, Bank of America, N.A. is not affiliated with or responsible for the products or services of any company that may be mentioned or depicted in this publication. Our goal is for the contents of this publication to be accurate as of the date this issue was printed. However, we do not guarantee that any content is accurate or complete.

More from this week's issue