Stronger demand amidst lagging inventory levels caused home prices to continue accelerating in most metropolitan areas. Among 177 metropolitan areas, 92% of them experienced an increase of home prices in the third quarter of 2017. We compared the local market conditions in these areas from a year earlier and we identified which metro areas had the highest gains in home prices, employment and construction:
Where does your metro area stand? For more information on recent trends in your metro area, see the Local Market Reports for the third quarter of 2017. NAR Research produces each quarter the Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation’s largest metropolitan housing markets.