The median sales price is the sales price of the house which falls on the middle point of the total number of houses sold. Half of the houses sold have a sales price less than the median and half have a greater price. A full write up of the methodology used for medians can be found...
dollars. The average sales price of a new home exceeded 400,000 U.S. dollars for the first time in 2021. What drives the increase in house prices? One of the major factors behind the dramatic increase in house prices was the low cost of borrowing. In 2020 and 2021, mortgage rates ...
20.5%Percent of sales over list price(October 31, 2024) 67.9%Percent of sales under list price(October 31, 2024) 70Median days to pending(November 30, 2024) (Metric availability is based on market coverage and data) How does this data help me?
Here’s what you should know about the factors affecting the bottom line to build a new house or buy new construction in 2023.
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