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REAL ESTATE UPDATES
Here's the latest news and headlines on property investments, housing, mortgages, refinancing, and real estate markets.
November 2024 brought 4.15 million in sales, a median sales price of $406,100, and 3.8 months of inventory. The median sales price is up 6.1% year-over-year, and inventory was up 0.3 months from November 2023.
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KEY HIGHLIGHTS:
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Existing-home sales up 4.8%, largest increase since June 2021 |
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Pending home sales rose 2.0% month-over-month |
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Median sales price up 6.1% year-over-year |
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“Home sales momentum is building. More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%."
- Lawrence Yun, NAR Chief Economist
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Questions on sales - nationwide or right here in our neighborhood?
I'm always here to help with questions on buying, selling or anything home.
NP SOCIAL: MASTER AUTOPILOT MESSAGES | 800-298-5055 | [email protected]
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800 Linda Flora Drive
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