As a national statistic, the recovery of home values
from the Great Recession is complete. In April 2017, Zillow reports that
the median home value was $198,000; up 7.3% YOY, beating the value at the
height of the market in 2007 by $2,000. Home sales also reflect the new
paradigm. In the first quarter of 2017, Metrostudy data indicates that the
median price of existing homes sold was $199,500, an 8.4% increase over the
same period the previous year. The new home median price also was higher,
rising 3.2% to $308,100 for the same period.