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Homeowners are trimming prices to revive buyer interest, which has dropped off amid record price highs and elevated mortgage rates. The median home price fell 1.3% year-over-year, hitting $429,990.
For sellers, the latest figures are a bad sign as they head into winter, with purchase applications down 49.7% from 2019 levels and 55.2% Home Sellers, 'Start Cutting Prices Or It's Going To Be A ...
And with the supply of homes still too low to meet demand, prices continue to surge. In December, the median national sales price was $404,400, up 6% from a year earlier. At $407,500, the median ...
Median sales price: $361,817 (Zillow, October 2024) Median list price: $390,000 (Zillow, November 2024) 4. Phoenix-Mesa-Scottsdale, Arizona
The Southern California housing market is downshifting. The average home price in the six-county region fell 0.3% from October to $869,288 in November, according to Zillow, marking the fourth ...
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