Nearly two-thirds of U.S. housing markets see home prices hit all-time high

As housing inventory sank to its all-time low during the fourth quarter, home prices increased, creating all-new highs in many U.S. markets, according to the latest quarterly report from the National Association of Realtors. The national median existing single-family home price in the fourth quarter came in at $247,800, up 5.3% from $235,400 in the fourth quarter of 2016. During the third quarter, home prices increased 5.6% from the third quarter of 2016.

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Source: Housing Wire