May 2021 Home Price Trend

[Kevin Uzelac]

The median home prices in the U.S. have continued to trend upward in May with an all-time high of $380k according to Realtor.com. A staggering point I noticed in the Daily Dose is that there are less than half the total number of homes available for sale compared to last year but are selling 32 days faster than 2020 and 18 days faster than 2017-19. 

There are a few markets that are seeing the largest year-over-year growth in the country. Philly, Buffalo and Washington, D.C. are seeing growth +50% or more. 

According to DSNEWS Philadelphia is up 52.5% making it one of the markets every investor should keep an eye on at this time.

[Kunal Mishra]

@Kunal Pathak

In Philly duplex and triplex are still very hot. It's just how the city has been .. all row houses connected back to back...

Philly I believe had a housing shortage hence it has skyrocketed significantly.

But I don't understand what's happening in Buffalo that prices have increased so much .