News Formal

Median home prices dropped in June. Is the market shifting?

  • 📰 10News
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 50%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

While prices have declined slightly, interest rates are driving up the cost of home ownership across the U.S.

The median list price for a home in the United States dropped last month compared to a year ago, albeit only slightly at 0.9%. This is according toRealtor.com’s latest report, which shows the small sign of relief for buyers since the real estate website began its research in 2017.

The typical home spent 44 days on the market this June, which is almost two weeks longer than the same time last year. “Our market remains hot,” Oyler said of Cincinnati, noting that inventory remains low and prices remain high.According to Realtor.com, housing prices in Cincinnati grew by 20% in June 2022 compared to a year ago, to a median price of $390,000. In Austin, Texas, the median price fell 7% year over year to $580,000.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 732. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK: Plug-In Car Sales Reached 25% Market Share In June 2023In June, 44,470 new plug-in cars were registered in the UK (46% more than a year ago), which represents about 25.1% of the total volume.
Source: InsideEVs - 🏆 579. / 51 Read more »