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Q2 Home Prices Rise in 93% of U.S. Metros

hamilton-zanze August 20, 2015

In Q2, home prices increased in 93% of major U.S. metros, according to the National Association of Realtors (NAR). The increase is the broadest in a decade and is an improvement over Q1 2015, when only 83% saw growth.

NAR credits the key spring selling season as cause for the widespread gains and suggests price increases have been amplified by buyer competition for tight supply. Home sales climbed as well, reaching an eight-year high in June with a record average home price of $229,400, up 8.2% in Q2 from the previous year.