Just in case, you were wondering what's been driving the Median Sales Price higher in 2024, take a look at the chart below.
On 1/1/2023, median sales price was at $360,800 and it peaked at $426,900 on 1/1/2024. As of October 1, 2024, the median sales price is $407,200.
This is National Data.
10% more single family homes in contract than last year.
November 2024 - 333,177 homes in contract
November 2023 - 304,027
If you are looking for this information for your neighborhoods, then please reach out to me. I will be more than happy to share my insights on home price valuation in your community.
I am here to help.
Rajiv Kohli
408-835-4317
