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Median Price

All articles tagged with #median price

real-estate1 month 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-estate4 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