Has the American housing market completely recovered from the hosing bubble and the Great Recession? U.S. home sellers in March on average sold for $30,500 more than those homes were purchased for. That means a 17 percent average gain in price.
That's the highest average price gain for home sellers in any month since December 2007 at the onset of the Great Recession, according to RealtyTrac, a housing data source.
The median sales price of single family homes and condos in March was $210,000, up 9 percent from the previous month and up 11 percent from a year ago. March was the 49th consecutive month with a year-over-year increase in the U.S. median home price, which is still 8 percent below its previous peak of $228,000 in July 2005.
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