REAL ESTATE UPDATES


		Bryan Hoelzer & Kathryn Hoelzer Team Hoelzer TEAM HOELZER NEWSLETTER

REAL ESTATE UPDATES

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

August 2024 brought 3.86 million in sales, a median sales price of $416,700, and 4.2 months of inventory. The median sales price is up 3.1% year-over-year, and inventory was up 0.9 months from August 2023.


	KEY HIGHLIGHTS:

	•	Existing home sales dipped 4.2% year over year

	•	Median sales price is up 3.1%

	•	The inventory of unsold existing homes improved 0.7% from the previous month

		Falling mortgage rates bring back buyers
		If you've been hesitant to list your home for sale because you're worried the market isn't favorable, now could be the right time to reconsider.

		Existing home sales dipped 2.5% in August
		Existing-home sales fell in August, according to the National Association of REALTORS.

		Federal reserve's rate cut impacts the housing market amid supply challenges
		The Federal Reserve's recent rate cut is expected to influence the housing market, but it won't completely solve the affordability issues that have plagued homebuyers.

"Recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months."

- 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]


		DID YOU KNOW?


	The world's largest pumpkin pie was made in New Bremen, Ohio

10044 Crusader Drive

1063 Roxie Lane

709 E McMillan Street #1

1185 Twelve Mile Road

327 N College Avenue

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Bryan Hoelzer & Kathryn Hoelzer Team Hoelzer

513-839-5595 | 513-839-5003

[email protected]