Home Prices Rise as Median Prices Fall

Seeing headlines that the median price of a home has dropped? It’s easy to assume that means home prices are falling. But that’s not the case.

While median prices have dipped, that’s because smaller, less expensive homes are hitting the market—and that’s impacting the mix of sales and driving the median down.

A closer look shows prices are still rising nationally. Have questions? DM me.

#homeprices #homevalues #keepingcurrentmatters