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January Of 2024 Home Sales Stats

By
Industry Observer CDRE #01044712

On February 22, 2024, National Association of Realtors® (NAR) reported that that median home value price was $379,100 in January of 2024 gained 5.1% from the price of $360,800 in January of 2023.

Single family home sales were at annual rate of 3.6 million units in January of 2024 up 3.4% from the annual rate of 3.48 million home sales in December of 2023, but lower 1.4% from January of 2023. The median single family home price was $383,500 in January of 2024, increased 5.0% from January of 2023.

Condominium and co-op sales unchanged 0.0% to an annual rate of 400,000 units in January of 2024 from 400,000 in December of 2024, but dropped 4.8% from 420,000 units in January of 2023. Median existing condo price was $339,400 in January of 2024, rose 5.7% from $321,100 in January of 2023.

Distressed homes sales were 2.0% in January of 2024 unchanged from 2.0% in December of 2023, and same as from 2.0% in January of 2023.

Lawrence Yun, NAR chief economist, stated "Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year."

For more complete information, on NAR's January 2024 home sales stats, please click HERE

Posted by

John Pusa

Better way to buy and sell real estate

Office (818) 441-8881

Mobile (818) 441-8881

Comments (4)

Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, John, for sharing this report.

Have a great day and a very productive week.

Feb 27, 2024 07:20 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning John,

You do a good job of keeping buyers and sellers informed of the national real estate market. I'm seeing as listings come on the market they are moving at a slightly higher price than last year.

Feb 27, 2024 07:56 AM
John Pusa
Glendale, CA

Hello Roy Kelley you are very welcome, and glad you find this report very helpful. Thank you, have a great day and a very productive week too. Thanks for the comment.

Feb 27, 2024 04:54 PM
John Pusa
Glendale, CA

Good evening Dorie Dillard Austin TX you are welcome, and glad you find my reports very valuable for keeping buyers and sellers informed of the national real estate market. Good to know you are seeing as listings come on the market they are moving at a slightly higher price than last year. Thanks for the comment.

Feb 27, 2024 04:56 PM