On November 21, 2024, National Association of Realtors® (NAR) reported on median home value price was $407,200 in October of 2024 gained 4.0% from the price of $391,600 in October of 2023.
Single family home sales were at annual rate of 3.58 million units in October of 2024 higher 3.5% from the annual rate of 3.53 million home sales in September of 2024, and increased 4.1% from home sales rate in October of 2023. The median single family home price was $412,000 in October of 2024, rose 4.1% from October of 2023.
Condominium and co-op sales up 2.7% to an annual rate of 380,000 units in October of 2024 from September of 2024, but decreased 7.3% from October of 2023. Median existing condo price was $360,300 in October of 2024, grew 1.6% from $354,800 in October of 2023.
Distressed homes sales were 2.0% in October of 2024 same as from 2.0% in September of 2024, and unchanged from 2.0% in October of 2023.
Lawrence Yun, NAR chief economist, "Additional inventory and more home building activity will help price increases moderate next year.”
For more complete information, on NAR's October 2024 home sales stats, please click HERE
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