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REAL ESTATE UPDATES
Here's the latest news and headlines on property investments, housing, mortgages, refinancing, and real estate markets.
February 2024 brought 4.38 million in sales, a median sales price of $384,500, and 2.9 months of inventory. The median sales price is up 5.7% year-over-year, and inventory was up 0.3 months from February 2023.
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KEY HIGHLIGHTS
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All-cash buyers jumped to the highest share since 2014 at 33% |
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First-time buyers responsible for 26% of sales |
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Median sales price up 5.7%
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"Housing demand has been on a steady rise due to population and job growth, though the actual timing of purchases will be determined by prevailing mortgage rates and wider inventory choices."
- 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.
Lisa McCarthy | 513-256-2629 | [email protected]
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