The typical home price is up a 'record' 13.2% compared to last year, according to Zillow (via CNBCMakeIt)
The typical U.S. home price hit $287,148 in May 2020, a 13.2% increase from May 2020, according to a. That's a record rise since the company started collecting the housing price data in 1996.
One bright spot: Inventory increased last month for the first time since July 2020, per Zillow's report, which is a positive development for prospective buyers.
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