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REAL ESTATE UPDATE

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REAL ESTATE UPDATES

Here's the latest news and headlines on property investments, housing, mortgages, refinancing, and real estate markets. 

August 2023 brought 4.04 million in sales, a median sales price of $407,100, and 3.3 months of inventory. The median sales price is up 3.9% year-over-year, and inventory was up 0.1 months from August 2022.









       
     KEY HIGHLIGHTS:  
 
       
  Pending home sales rose 0.9% month-over-month  
       
  Homes received an average of 3.2 offers, up slightly from 3.0 last month  
   
 
  Median home sales price declined by 0.8%
 
       
       





  What's turning homeowners into sellers? Getting back to the office
  A significant number of people who moved during the pandemic may need to move back, even if they lose money.
 
 
 
 
 
 
 
 
   
   
  Good news for homebuyers: Listings are up
  New listings rose by 4% in August, an atypical late-summer boost that may offer buyers a few fresh options.
 











 

"Home prices continue to march higher despite lower home sales ... Supply needs to essentially double to moderate home price gains."

- Lawrence Yun, NAR Chief Economist


 



 






 


Questions on sales - nationwide or right here in our neighborhood?

I'm always here to help with questions on buying, selling or anything home.

NewPanda   |   800-298-5055   |   [email protected]





  





















     
  DID YOU KNOW?
 



   
  Iowa’s Field of Dreams is real  
 
 





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NewPanda 
800-298-5055
[email protected]

         



       


                   

   



 
NewPanda 
800-298-5055
[email protected]




   



   



 
NewPanda 
800-298-5055
[email protected]