On Monday, the market for new homes in the U.S. peaked for the first time since 2008.
The average price for a single-family home sold in the country rose $1,094 in October, according to the CoreLogic Real Estate Tracker.
That’s the highest price increase since the start of the housing bubble, when prices shot up more than 10% per month.
But it’s unclear how much longer the market will hold onto its current pace of growth.
In fact, the benchmark price index for two- and three-bedroom homes was unchanged from October.
That means the average price of a home sold last month is expected to remain stable at $350,000.
The median price for two bedrooms was $1.6 million, and the median price of three bedrooms was about $2.2 million.
The median price rose by about $600,000 from a year ago, according a survey from National Association of Realtors.
That number is a little better than the $600K rise seen in October last year, but it still is below the record $2,900,000 price increase that started in the middle of the Great Recession in 2007.
If you’re a homeowner in the Northeast, your monthly mortgage payments are likely to increase.
The average monthly payment for a new home in the region rose to $1 million last month from $814,000 in October.
The regional median payment for two bedroom homes was $2 million, while three bedroom homes were $2-3 million.
The national median payment was $3,938.
If that doesn’t sound like much, it’s worth noting that the average cost of a new house was $12,500 last month.
The Northeast is considered a “safe” region, so the median value of new homes sold in that region was $6,800, the NAR said.
The area with the highest median value for new home sales was the Midwest, at $31,600.
The lowest median value was the Pacific Northwest, at just $8,600, according the NART.
In the Northeast and Midwest, the median payment is lower than in the South and West.
In the West, the average payment is higher than in most of the Northeast.
The region with the lowest median payment among metro areas was the Northwest, with just $6.
The region with highest median payment in the Midwest was the Northeast at $22,600 per person.
In New York City, where prices are generally lower than the rest of the country, median prices for two and three bedroom houses increased $600 and $900, respectively, according, to CoreLogics.
That is not an increase that is likely to continue.
The NAR survey found that median income for new house buyers in the nation’s capital has been falling for the past five years.
For the first nine months of 2018, median income in the city of Washington, D.C. fell $1,-868.
In October, median incomes for New York residents dropped $1.,964.
In Washington, median household income dropped $843.
In other markets, the price of new home homes has been rising, too.
In California, median price increased $1 billion, while the national median price was $818,000, according CoreLogistics.
That said, the national average price is still more than double the price increases seen in many cities and towns across the country.
In Houston, the National Association for Realtor reported that median prices of single- and multi-family homes are up more in 2018 than they were last year.
In fact, they are up $5 million in the last year alone.
The National Association says the increase is because of an influx of buyers who are willing to pay more for homes.