REAL ESTATE UPDATE


		Bryan Hoelzer & Kathryn Hoelzer Team Hoelzer TEAM HOELZER NEWSLETTER

REAL ESTATE UPDATE

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

May 2024 brought 4.11 million in sales, a median sales price of $419,300, and 3.7 months of inventory. The median sales price is up 5.8% year-over-year, and inventory was up 0.6 months from May 2023.


	KEY HIGHLIGHTS:

	•	Median home sales price is up 5.8%

	•	Housing starts decrease 5.5%, almost 20% lower than 2023 levels

	•	Active listings are up 16.5% from 2023

		Falling rates and price cuts offer relief to homebuyers
		As the summer home-shopping season approaches, buyers are finding some short-term relief.

"Eventually, more inventory will help boost home sales and tame home price gains in the upcoming months. Increased housing supply spells good news for consumers who want to see more properties before making purchasing decisions."

- 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.

Bryan Hoelzer & Kathryn Hoelzer Team Hoelzer | 513-839-5595 | 513-839-5003 | [email protected]

709 E McMillan Street #1

1185 Twelve Mile Road

327 N College Avenue

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LOCAL UPDATES

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NORTHERN KENTUCKY MARKET UPDATE

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Bryan Hoelzer & Kathryn Hoelzer Team Hoelzer

513-839-5595 | 513-839-5003

[email protected]