The median existing-home sales price surged to a record high in March, climbing 17.2% annually, the National Association of REALTORS® reported Thursday. Median prices nationwide reached a historic high of $329,100. All major regions of the U.S. posted double-digit annual price gains.

Existing-home sales—including completed transactions for single-family homes, townhomes, condos, and co-ops—eased 3.7% in March compared to February, but it wasn’t due to any let-up in buyer demand but blamed on ongoing housing shortages from a lack of homes for sale. Sales year-over-year, however, are still up 12.3%, properties typically sold in 18 days—a record low, NAR reports.

For a closer look at NAR’s latest existing-home sales report at their article: National Association of REALTORS®