The house sales market remains hot as the typical home value rose to $259,906 in September.
The month-over-month growth rate moved up 0.8%, the most significant jump since November 2005, according to the Zillow Real Estate Market Report. The quarterly growth of 2.2% was the largest increase since 2013 and the annual growth of 5.8% was the largest in nearly two years.
For the third consecutive month, home values have risen in every major US metro compared to the month prior. The median national list price rose 11.6% year-over-year as of the week ending Oct. 10.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
