The Typical Household, Now Worth a Third Less

NYTimes ^ | By ANNA BERNASEK | JULY 26, 2014

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Prices also rose in every region of the U.S. in May, with the West seeing the largest gain. The Northeast median price rose to $256,700, up from April’s $244,600, although compared with the year before the price was down 0.9 percent.

In the Midwest the median price increased to $165,900, up from $155,900, and prices were up 4.0 percent from the previous year.

The South’s median price rose to $184,800 in May, an increase from $174,500 in April. Prices there are up 4.4 percent on a yearly basis.

In the West, the median price jumped to $297,500 from $289,600, with an 8.4 percent increase from a year earlier. Tight inventory in the West remains the driving factor in rising prices.

Source http://www.realestateabc.com/outlook/overall.htm