Median Home Price Reaches 20-Month High

One bright spot from today's housing report from the National Association of Realtors is that the median home price in June reached a 20-month high of $183,700, the highest median home price since October of 2008 (see chart above).   Also, existing-home sales in June were 9.8% above last year, which marks the 13th consecutive month of year-to-year sales gains, following at least 30 consecutive months of year-to-year declines.