It took a while for MB median prices to start to track what seemed to be happening in the market.
Take a look at our newest compilations of data as of the midpoint of this year.
Citywide, the median price for single-family homes (SFRs) is $1.803M, up 12% year-over-year. That's a quick, cool $200K bump in no time at all. (Please note: We have excluded townhomes traditionally from our median price calculations for a few reasons; now, to compare year to year data, we continue to focus only on SFR data.)
Look at that trendline. It's a rocket to the moon.
There was an anomalous dip in the 2012 median to $1.432M, even as the market was recovering solidly at the time. From there, it's two years of big climbs – a 26% jump in only 24 months.