Real estate prices in the United States rose by a record percentage in May

July 2, 2021
Real estate prices in the United States rose by a record percentage in May
Throughout the year, the demand for residential real estate in the United States shows stable growth.

Throughout the year, the demand for residential real estate in the United States shows stable growth. This trend has led to a rapid decline in available properties, which in turn has led to an increase in prices on the market. This happened due to several reasons:

  • the desire of buyers to acquire comfortable housing during the pandemic;
  • decrease in interest rates.

The average jump in prices in May 2021 was 23.4% compared to the same month last year. This annual growth has become a record for the country since 1999.

Current situation in the US housing market

In the United States you can buy residential property for an average of 350 thousand dollars. According to experts, forecasts for the rest of this year are positive - an increase in the number of proposals is expected, which will slow down the growth in value.

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