The average sales price has increased to $ 404,400 per month 18th month of inflation, and increase by 6% year after year is much since October 2022.
Apart from the good news with December numbers, the last figures of 2024 paint a different picture. Selling in 2024 completed $ 4.06 million, the lowest level of approximately 30 years. The final sales price of the central sales of 2024 has reached a high-quality record of $ 407,500.
Included, the good sale of December and the worst numbers of 2024 made the spicy end of the challenge.
“During the past decade, the US limit the sale of 5.2 million houses per year,” said Bright mls The main economicist Lisa Sturtevant in a statement. “It will take years before returning to that level, perhaps up to 2030.
“Current household owners are trapped in low loan amount and live in their homes for a long time they maintain the provision of existing housing. The new construction could not comply with the need. “
The ongoing defects of inventory is shown in the NAR report. Existing houses are for sales and go to 1.15 million, down 13.5% compared to November. That’s fine for just 3.3 months of offering. However, he increased by 16.2% each year.
Locally the results are also good compared to last year. Selling in the Northeast has increased by 10.4% per year and also increased Southern (9%) and west (12.9%). Midwest is up to 6.5%.
The sale of 4.06 million in 2024 should not be very difficult to defeat in 2025, but market from the economic predictions in the housing sector are not very well. Predictions ranged between the 4.9 million NAR sales forecast to Realitor.com’s 4 million.
HOUSINGWIRE’S The broad market for a broad market foretells 4.2 million home sales per housing prices in 3.5%.
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