Tag

Median Price

All articles tagged with #median price

real-estate26 days ago•22 min saved

Bay Area home market drives California median price to a new high

California’s statewide median home price rose to a record $930,260 in May as Bay Area demand pushed prices higher: the Bay Area median for single-family homes climbed 3.6% to $1.45 million, San Francisco County jumped 22.2% year over year to $2.2 million, and San Mateo rose 9.1% YoY, with Alameda up 2.6% YoY while Marin and Santa Clara edged lower. Limited supply continues to pressure sellers and keep prices elevated into the third quarter, according to the California Association of Realtors.

via New York Post|

#bay-area #california #housing

business1 month ago•46 min saved

May Existing-Home Sales Rise 3.2% as Inventory Edges Up

May data from the National Association of REALTORS® show existing-home sales up 3.2% month-over-month and year-over-year to a seasonally adjusted annual rate of 4.17 million; gains occurred in the Northeast, Midwest, and South, while the West was unchanged. Inventory rose to 1.55 million homes (about 4.5 months’ supply), and the median price reached $429,300, up 1.3% from a year ago. The Housing Affordability Index was 105.6, with mortgage rates at about 6.44% in May. First-time buyers accounted for 35% of sales, cash buyers 25%, and investors 14%; 29 days was the median time on market. The report cites improving affordability and ongoing supply constraints as key drivers.

via National Association of REALTORS®|

#business #existing-home-sales #housing-affordability

real-estate3 months ago•50 min saved

March Existing-Home Sales Fall 3.6% as Inventory Tightens and Prices Rally

March existing-home sales fell 3.6% month-over-month to a 3.98 million seasonally adjusted annual rate, with inventory up 3.0% to 1.36 million (about 4.1 months). Year-over-year sales were down 1.0% while the median price rose 1.4% to $408,800, the 33rd consecutive year-over-year price gain. Limited inventory continues to push prices higher and bolster homeowner wealth; NAR trimmed its 2026 forecast to a 4% increase in existing-home sales (new-home sales expected to be flat) as mortgage rates rise. Regional declines occurred in all four regions.

via National Association of REALTORS®|

#existing-home-sales #housing-market #inventory

real-estate6 months ago•2 min saved

December home sales jump as inventory stays tight at year’s end

December’s seasonally adjusted annualized sales rate rose to 4.35 million, up 5.1% from November and 1.4% year over year, with the full year totaling 4.06 million (unchanged from 2024). Inventory fell to 1.18 million (about 3.3 months’ supply), helping the median price rise 0.4% to $405,400—the 30th straight annual gain. December was the strongest in nearly three years after seasonal adjustment, aided by mortgage rates hovering around 6.2–6.3% during closings. Analysts note Q4 improvement amid easing rates and expect more listings to come in February.

via CNBC|

#existing-home-sales #inventory #median-price

real-estate2 years ago•3 min saved

"Gold Prices Surge as US New Home Sales Hit 2-1/2 Year Low"

Sales of new U.S. single-family homes fell 0.3% in February, with the median new home price dropping 7.6% from a year ago, marking the lowest in over 2-1/2 years. The housing market remains strong amid a shortage of previously owned houses, with builders offering price cuts and incentives to make housing more affordable. Despite a rise in mortgage rates, new home sales are up 5.9% year-on-year, and the overall housing market is showing signs of improvement, although supply remains inadequate, keeping house prices elevated.

via Reuters|

#housing-market #median-price #mortgage-rates