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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.
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KEY HIGHLIGHTS:
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Median home sales price is up 5.8% |
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Housing starts decrease 5.5%, almost 20% lower than 2023 levels |
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Active listings are up 16.5% from 2023 |
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"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
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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.
Bryan Hoelzer & Kathryn Hoelzer Team Hoelzer | 513-839-5595 | 513-839-5003 | [email protected]
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