Average Local Home Prices Exceed $200,000 for the First Time Ever

Sales of existing homes warmed along with the weather in April.

The National Association of Realtors says sales of previously-owned homes rose four-and-a-half percent last month nationwide, a new record high.

The sales of single-family homes and condominiums rose to a seasonally-adjusted rate of 7. 2 million units, as low interest rates continue fuel a housing boom.

Here in Bay County the average cost to buy a home hit $200,000 this year. That's more than 10 times what the average Bay County resident makes in a year. It’s the first time ever that average home prices locally exceed the $200,000 mark.

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