03-05-2017, 04:34 PM
Both the average and median prices can be found in the table on the last page of the release.
For KW only, average price was $455,252 in 2017, versus $360,498 in 2016. Median price was $429,000 in 2017 versus $329,000 in 2016. So it's probably not the sales mix dragging the average up- sale prices on average homes really have gone up at that insane rate.
I couldn't say it better than Pheidippides. These increases are not sustainable. This won't end well for a lot of folks who recently entered the market.
For KW only, average price was $455,252 in 2017, versus $360,498 in 2016. Median price was $429,000 in 2017 versus $329,000 in 2016. So it's probably not the sales mix dragging the average up- sale prices on average homes really have gone up at that insane rate.
I couldn't say it better than Pheidippides. These increases are not sustainable. This won't end well for a lot of folks who recently entered the market.