Housing prices have surged in the last five years, outpacing general inflation. The median price-per-square foot indicates homes are now 52.7% more valuable than before the pandemic. Median list prices have also increased by 37.5%, with inventory down 34.2%, creating a seller-friendly market. San Diego and other top metros like New York, Boston, and Nashville have seen significant price jumps. This trend leads to higher costs for buyers, with the average income needed to buy a median-priced home rising to $119,700.
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