Home Prices by Region
Last Updated: 7/14/2014
Prices also rose in every region of the U.S. in May, with the West seeing the largest gain. The Northeast median price rose to $256,700, up from April’s $244,600, although compared with the year before the price was down 0.9 percent.
In the Midwest the median price increased to $165,900, up from $155,900, and prices were up 4.0 percent from the previous year.
The South’s median price rose to $184,800 in May, an increase from $174,500 in April. Prices there are up 4.4 percent on a yearly basis.
In the West, the median price jumped to $297,500 from $289,600, with an 8.4 percent increase from a year earlier. Tight inventory in the West remains the driving factor in rising prices.
Data Source: National Association of Realtors