26 Jan Prices & Sales Continue Rising in 2016
Prices for single-family homes, while not quite reaching the highs set in 2005, ended the year with modest gains. The median prices for homes gained 5.4% compared to 2015. Making it the fifth year in a row of year-over-year gains.
The median price for condos/townhomes did reach all-time highs in 2016, gaining 8.3%.
Sales were up marginally in 2016. Single-family home sales rose 0.7% year-over-year. Condo/townhome sales were up 0.3%.