This chart shows median home sales prices over the past 3 ½ years. Houses and condos — the vast majority of the home market — hit their highest levels since 2008, but they’re only about 1% above the 4th quarter 2009, and still within 3-4% of median prices 15 months ago. We’ll see in the new quarter whether there is an established upward trend in prices, which many agents believe began this spring, instead of the zigzaging up and down. Remember that sales prices are always 30-60 days behind the market, i.e. closed sales prices in June mostly reflect offers accepted in April and May.
