Median Home Prices Rise

According to RealtorMag’s survey of 146 metropolitan areas, MHProNews.com has learned median home prices nationwide rose five percent in March compared to Feb., to $189,900. Only five of the metro areas saw home prices decline including Minneapolis-St. Paul, Columbia, MO and Reading, PA. The areas that witnessed the largest month-over-month increase in median home prices include San Francisco, up 6.10 percent, to $649,000; Washington, D.C., VA, West VA, MD, up 5.29 percent to $270,000; San Jose, CA up 5.57 percent to $495,000; Oakland, CA up 5.04 percent to $336,120; and Toledo, Ohio, up 4.90 percent to $104,900.

(Photo credit: MortgageBroker)

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