The Median Price per Square Foot has been rising steadily, but the $6/sqft jump in Q2 was the highest quarterly gain since Q2 2016.
We already noticed the record sales volume in Q1 this year; higher pricing was the natural outcome of all that demand. We'll have to keep our eyes on Peoria to see what happens next.
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.