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The Average Home Price Hits $405K for the First Time

However, there are signs housing is headed for a more balanced market.

By Paul Bergeron | April 01, 2022 at 07:46 AM

Home prices hit $405,000 for the first time in March, but data reveals there is some hope on the horizon for pandemic-era buyers.

With demand beginning to moderate as some home shoppers are priced out of the market and new construction at near 16-year highs, inventory is expected to hit positive territory year-over-year this summer, according to the Realtor.com Monthly Housing Trends report.

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