Like the prior quarter, both price indicators
reached 10-year record highs. Median sales
price jumped 11.6% to $564,720 over the same
period last year and was the highest quarterly
result since the metric was tracked in the first
quarter of 2003. Median sales price year-todate,
increased at a faster pace, rising 14.4%
to $549,000 over the same period last year.
Average sales price followed the same pattern,
rising 13.1% to a 10-year record of $694,777.
All price quintiles showed year-over-year gains
with the highest increases seen moving towards
the top of the market.