In a recent report on the housing market, the median sales price reflected a slight decline, with figures landing at $439,000 in September. This marks a decrease of $6,000, or 1.3%, from the previous month. Despite this dip in median prices, the overall trend in home sales remains positive, with an impressive 8.5% year-over-year increase. Such dynamics suggest that while buyers may be facing slightly diminishing prices, the demand for housing continues to flourish, indicating a resilient market that adapts to current economic conditions.
Key insights from the report include:
– **Median Sales Price**: Priced at $439,000, this figure demonstrates a modest decrease of 1.3% from the previous month.
– **Year-Over-Year Sales Growth**: Home sales have surged by 8.5% compared to the same period last year, illustrating strong demand despite price fluctuations.
– **Market Resilience**: The steady increase in sales indicates robust buyer interest and market adaptability amid changing prices.
These trends underscore important shifts within the real estate sector, reflecting broader economic conditions and potential future developments.
You can read this full article at: https://wrenews.com/remax-home-sales-up-by-8-5-year-over-year/
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
