Zillow: Median Home Value at New High

The national median home value has reached $200,400, a 7.5 percent increase from last year. Zillow attributed this new peak to a higher buyer demand and a shrinking housing inventory. In some markets, year-over-year gains have been in double-digit figures: Seattle’s home values are up 13 percent year-over-year to a median home value of $447,100, while home values in Dallas and Las Vegas are up 10.5 and 10 percent, respectively.

Read the source article at National Mortgage Professional Magazine