Housing Prices Surge Over 8% In February!

Median U.S. home prices increased 8.8% between March 2017 and February 2018 to a median price of $285,700. The data was compiled by the real estate website service Redfin for markets that they service. The leading gainer was San Jose, California with prices up 34.1% to $1,100,000 and Detroit next with an increase of 19.8%. The supply of housing dipped in the past year by 11.4% - making 29 consecutive months of inventory reductions. www.redfin.com

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