Hereās a simple look at whatās happening with the existing homes right now.
š¢ Whatās Going On
- Home sales went up a little (0.5%) in November.
- About 4.13 million homes would sell in a year at this pace.
- The median price is around $409,200, a bit higher than last year.
- There is about 4.2 months of homes for sale ā more than last year, but still not āplenty.ā
So:
š Sales are slowly rising.
šµ Prices are not crashing.
š There still arenāt tons of homes to pick from.
š¤ What This Means for You
- Donāt wait for a huge ācrashā ā thatās not what the data shows.
- You may have more choices than buyers had in 2023, but you still need: A clear budget A plan A pre-approval when youāre ready
- Your local area (your city/county) can look very different from the national numbers.
š Want to See the Real Data?
Here are solid, trusted sources you can read or save:
š¬ Comment Prompt
Questions? Drop this in the comments:
- State: ___
- Goal: buying in 6, 12, or 24+ months (or ājust learningā)
- Question: one thing this update makes you worry about or feel hopeful about