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(Prices and inventory current as of Nov 30, 1999)

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(Prices and inventory current as of Nov 30, 1999)

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January 15, 2024 By: Jason Young Category: Market Updates

Key Take-Aways:

Prices increased 5% year over year.
Volume of homes available for sale was down 15%.
Volume of closed sales was down 17%.
Interest rates peaked at 8.43%, but dropped significantly ending at 6.65%.
Inventory remained challenging, sitting at a ~1.5 months supply of homes for sale.
- Inventory levels of a 4 – 6 months’ supply is considered balanced, so there is still a long way to go.