The Law Office of Michael E. Ripley

Exceeding Expectations

Median Home Sales

 

According to USA Today newspaper (August 24, 2016) in addition to new home sales hitting their highest level since 2007, home prices, particularly in the median range, have also increased the best. Houses priced between $200,000-$400,000 remain the bulk of total sales, and the inventory of new homes for sale continues to fall.