These two actions are necessary before the number of homes for sale is likely to increase, which could help temper price growth. In December 2020, the median listing prices for single-family homes shot up to $340,000, a 13.4% increase from the same time the previous year, according to Realtor.com. Some of the metro areas with the most eye-popping year-over-year price growth were Columbus, Rochester and Philadelphia. Ali Wolf, chief economist at Zonda Home, a housing market research firm, touts the price-per-square foot affordability of places like Tampa, Dallas and Raleigh. The slowest price growth is expected for the “New York metro area at just less than 1%,” Hale says.

Source: Forbes January 08, 2021 13:18 UTC