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The improved sentiment comes as home prices remain near all-time highs and mortgage rates have climbed since September to average around 6.7%.They're down slightly from as high as 6.84% in recent ...
🏡 Key housing market stats. The median home-sale price as of September 2024 was $404,500 — the highest September median NAR has ever recorded and only about $20K short of the all-time high ...
Dave Liniger, the founder of real estate brokerage RE/MAX, says the sharp rise in mortgage rates skewed the market. ... The current market’s record-high prices are not expected to drop ...
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
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A 2005 study [2] of real estate commission rates, reported that realtors tended to charge, "about 5 percent to 7 percent of a property's selling price...". More recently, CBS News, "60 Minutes" television news magazine reported in 2007 that competitive pressure resulting from a record number of licensed agents has driven down the average sales ...
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