March Median Home Prices Reach Record High [Video]

The March national median listing home price climbed to over $400,000, an all-time high and an increase of 13.5% over March 2021 prices. However, the demand for homes is moderating because of rising interest rates.

The national inventory of active homes for sale declined by 18.9% over March 2021. The total inventory of unsold homes, including pending listings, also declined.