January's Housing Market Shows Promise: A Glimpse into Rising Home Sales and Prices

Dated: February 29 2024

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Approximately a week ago, the National Association of Realtors reported a 3.1% rise in existing-home sales in January, with sales reaching a seasonally adjusted annual rate of 4.00 million. This increase comes despite a year-over-year sales decline of 1.7%. The median sales price of existing homes also grew by 5.1% from the previous year to $379,100, marking the seventh consecutive month of year-over-year price gains. Inventory slightly increased by 2.0% from the previous month, providing a 3.0 months' supply at the current sales pace. For more detailed information, you can read the full article here.

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Greg Ivey

Top 5% Producing Real Estate Specialist dedicated to serving the DFW Metroplex. Over the last 9 years, with the help of my team and vendor partnerships, I have been blessed to have helped faciliate/cl....

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