According to a report by RE/MAX, home sales in December experienced a decline of 7.3% compared to the previous year. The median sold price reached $400,000, showing a 3.9% increase from December 2022. However, it was also 1.2% lower than November. This data suggests a slowdown in the housing market, creating a mixed picture for both buyers and sellers.
Key points:
– RE/MAX reports a 7.3% decrease in home sales in December compared to the previous year.
– The median sold price of $400,000 reflects a 3.9% increase from December 2022.
– However, there was a 1.2% decrease in median sold price compared to November.
– The housing market indicates a slowdown, posing challenges for both buyers and sellers.
You can read this full article at: https://wrenews.com/re-max-december-home-sales-down-7-3-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.
