Found 2 blog entries tagged as Compass national market stats.

July 2024 Market Highlights

  • Year over year, the July median single-family-home sales price and the median condo/co-op price were up 4.2% and 2.7% respectively:  Both declined slightly from all-time highs in June.

  • The supply of existing-home listings rose 20% year-over-year to the highest count since autumn 2020, while the number of new-construction single-family homes on the market was the highest since 2008. Price reductions on active listings in July jumped 43% year-over-year.

  • Existing-home sales increased 3.5% from June and 4.6% from July 2023 but remained far below long-term norms. 

  • Approximately 62% of sales went into contract in less than 1 month (vs. 74% in July 2023), 24% sold over list price (vs. 35% last…

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 June 2024 Market Highlights

  • Year over year, the median single-family-home sales price and median condo/co-op sales price were up 4.1% and 2.6% respectively:  Both hit new highs. 

  • The supply of listings for sale rose 23.4% year-over-year to the highest monthly count in almost 4 years (though only slightly higher than in summer 2021 & 2022). 

  • The number of sales declined 7.4% from May and 13.4% from June 2023, while price reductions in the 2nd quarter jumped 52% year-over-year.

  • Approximately 65% of sales went into contract in less than 1 month (vs. 76% in June 2023), 29% sold over list price (vs. 33% last June), and 28% were purchased all-cash (vs. 26%). Median days on market to acceptance of offer…

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