With the inventory of existing houses for sale still almost 14 percent below levels recorded this time last year, median home prices continued to climb in April, according to data released Wednesday by the National Association of Realtors.
The national median existing-home price was $192,800 in April, up 11 percent from a year ago, according to NAR. That makes 14 consecutive months of year-over-year price increases.
But as the adage goes, all real estate is local, and $192,800 in Miami, Fla. doesn't buy you the same as it would in Bismarck, N.D. Here's a look at what the national median existing-home price will buy you across the country:
1) Washington, D.C.
Square feet: 611
2) Charleston, S.C.
Square feet: 2,028
3) Austin, Texas
Square feet: 1,436
Square feet: 1,062
5) New York
Square feet: N/A
Square feet: 365
7) Birmingham, Ala.
Square feet: 1,922
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