The Austin, Texas, metro space in March grew to become the most recent market to affix the half-million-dollar membership, based on a brand new evaluation by Movoto by OJO Labs, an actual property search web site. In Austin, the median dwelling offered worth was no less than $500,000, becoming a member of 10 different massive metros at that stage.
Different markets with a median sale worth of $500,000 or extra embrace Boston ($560,000), Denver ($565,000), Los Angeles ($720,000), New York ($520,000), Portland, Ore. ($505,000), Sacramento, Calif. ($550,000), Salt Lake Metropolis ($503,000), San Diego ($825,000), San Francisco ($1.3 million), and Seattle ($626,000).
Many areas of the nation have seen dwelling costs rise by double-digit percentages over the previous yr. Memphis, Tenn., noticed the biggest dwelling worth improve of any metro space, leaping 34.6% yr over yr, based on OJO Labs’ research. Phoenix adopted with the second-highest year-over-year improve at 29.9%, reaching a $435,000 median dwelling offered worth.