The Law Office of Michael E. Ripley

Exceeding Expectations

Home Prices Are Up 4.6% for The 20 Largest Cities

According to USA Today (May 28, 2015) home prices are up 4.6% on an annual basis, for the 20 largest cities in the country (this includes San Diego). Home prices went up more than expected because of the sparse supply of homes for sale. The report also indicates that home prices have year-over-year gains for 35 consecutive months across the country and that the median sales price was $297,000.00.