From March to May 2024, Los Angeles experienced the highest YoY change in median sale prices among the top 15 metro areas, with a substantial rise of 15.8% compared to the same period last year, resulting in a median sale price of $1,100,000. In contrast, Austin saw the only decrease among the top 15 metros, with a decline of 1.1%, bringing its median sale price to $445,000. Among other metros, New York and Philadelphia had notable increases of 12.3% and 11.3%, respectively. Seattle, Boston, Miami, and Chicago experienced increases ranging from 9.5% to 7.9%. Washington and Phoenix saw increases of 7.4% and 5.4%, respectively. Atlanta, Jacksonville, Denver, and Houston showed more modest YoY increases ranging from 5.3% to 1.4%. However, Dallas had a minimal increase of 1.0%.

Learn more about the metrics in PropMix Market Insights.

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