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Usually when the media reports an increase in the median price, they say that “prices are going up”.  But technically it only means that there were additional sales of more-expensive houses.

NSDCC Feb. #Sales Median SP Median DOM
2011
166
$844,000
60
2012
184
$795,000
69
2013
184
$900,000
25

The speed at which homes are selling is remarkable.

Half of the homes sold last month only took 3.5 weeks to find a buyer?  And that is based on when the listing agent reports it, which is typically at least a day or two after it happens.

Inventory remains low and ample buyers are waiting. Sellers can expect to sell in the first 1-3 weeks, unless your price is more than 10% above comps.

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