Re/Max Issues National Housing Report For July 2024; Compared To One Year Ago, July Home Sales Were Up 6.7% And The Median Sales Price Increased 3.7%
Portfolio Pulse from Benzinga Newsdesk
Re/Max's National Housing Report for July 2024 shows a 3.8% increase in home sales from June, while the median sales price dropped by 1.2% to $425,000. Compared to July 2023, home sales were up 6.7% and the median sales price increased by 3.7%.
August 15, 2024 | 8:18 pm
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Re/Max reported a 3.8% increase in July home sales from June, with a 1.2% drop in median sales price. Year-over-year, sales were up 6.7% and prices increased by 3.7%.
The increase in home sales and year-over-year price growth is positive for Re/Max, indicating strong market activity. The slight drop in median price from June is a minor concern but overall, the report suggests a healthy housing market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100