Source: Manistee News Advocate —
Homes across the country are seeing listing price increases as we ride into the new year.
The nation saw an increase of 10% in listing prices for the last month of 2021. This was an increase from the 8.6% rate in November, according to a report from Realtor.com. This rate increase brought the median home listing price to $375,000 at the end of the year.
“December data offers a fitting finish to the frenzy of the past year,” Realtor.com Chief Economist Danielle Hale said in a statement. “Annual listing price growth hit double-digits again nationwide and in many of the hottest markets, after four months of single-digit pace this fall.”
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