21 Jan 2022
Home prices in 2021 rose 16.9%, the highest on record
The real estate market was on fire last year, with the frenzied pace of sales activity pushing home prices to record highs.
The median home sales price was $346,900 in 2021, up 16.9% from 2020, and the highest on record going back to 1999, according to the National Association of Realtors.
Home sales had the strongest year since 2006, with 6.12 million homes sold, up 8.5% from the year before. While that was bad news for would be buyers, it was a boon for those who already owned a home. A typical homeowner accumulated $50,200 in housing wealth, looking at the median price from 2020 to 2021.
Source :https://edition.cnn.com/2022/01/20/homes/us-nar-home-sales-december-and-2021/index.html