What’s Up with Real Estate? - Feb 2024
National Real Estate News Real Estate Transactions on the Rise In January, existing home sales surged by 3% month-over-month, totaling 4 million units on an annualized basis, marking the highest level since August 2023, according to the National Association of Realtors (NAR). This recovery trend is
Real Estate News in Brief
Hope is building for a more active spring/summer in terms of transaction volumes. Both real estate agents and new home builders are significantly more optimistic than they were at the same time last year, and existing home sales continued to recover in January. Inflation for businesses rose (from a
Existing-Home Sales Rose 3.1% in January
Key Highlights Existing home sales expanded 3.1% in January to a seasonally adjusted annual rate of 4.00 million. Sales declined 1.7% from the prior year. The median existing-home sales price climbed 5.1% from January 2023 to $379,100 – the seventh consecutive month of year-over-year price gains.
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