When adjusted for inflation, March's median price — the point where half the homes sold for more and half for less — is still 13.4% below the high reached during last decade's bubble. But on a year-over-year basis, prices have now risen every month for six straight years — the result of an increase in jobs, historically low mortgage rates and a shortage of homes for sale.

Source: Los Angeles Times April 23, 2018 17:34 UTC