FBN’s Flock: Median Sales Price of Existing Homes Is $419,300, That Is Never Been Higher in History

EXCERPT:

FLOCK: “It's the haves and the have nots, Stuart. Yeah, this is a place in Cranbury, New Jersey, nice neighborhood. It's East Windsor schools, which I'm told are highly sought after. This is a three bedroom, two bath house went on the market over the weekend. Boom! It's off the market. $575,000 is the -- is the asking price. A lot of houses these days go for over asking. Why? Well, people with money are buying them. Take a look at the numbers on the median home sale right now, existing home, $419,000, that's never been higher in history.”