Unusual Summer for Home Sales as Sellers Cut Prices
The Pro Builder
AUGUST 5, 2024
After months of home price gains, homebuyers can finally look forward to seeing price cuts across the housing market. In July, the median home price dropped to $439,950 from $445,000 in June, online real estate platform Realtor.com reports. Additionally, there was a rise in the number of listings with price reductions, reaching a two-year high of 18.9% in July, and up 3.4% from the previous year.
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