U.S. regional housing market
Median selling price
|Region||Average Median Selling Price|
|District of Columbia||$500,000|
Median home prices in the West increased by almost $30,000 from October 2018 to January 2019, which indicates that inventory is falling behind demand.1 Six states in the West had home values at $300,000 or higher—more than any region in the country.
The South made the second-largest gain nationwide, increasing by over $12,000 to $190,618. Greater inventory supply may have minimized the increase. In addition, demand may not be high in some Southern states. Two states there, West Virginia (with a median price of $111,500) and Oklahoma ($115,000), have the cheapest housing stock in America.
In the Northeast, prices grew to $243,572, an increase of $5,000, while they remained flat in the Midwest at around $157,000. Seasonal cold and lower regional growth may have been contributing factors.
1Source data: CoreLogic®
Data date: 3/25/2019
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