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indyK1ng t1_jb30fwl wrote

Reply to comment by DanoPinyon in [OC] USA Counties, change in median listing price for residential real estate on MLS (Multiple Listing System), February 2022 to February 2023 by michigician

There's a few guesses I would make:

  • Remote work migration still in progress
  • A knock-on effect from the migratory wave caused by remote work - people getting priced out of areas moving to even cheaper areas, driving the price up in those areas
  • Investment firms buying up whatever cheap properties they can to use for investment
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