Nearly Nine in 10 Metro Areas Posted Home Price Gains Q4 of 2022
Less than a fifth of metro markets posted double-digit annual price appreciation, down from 46 percent the previous quarter
Less than a fifth of metro markets posted double-digit annual price appreciation, down from 46 percent the previous quarter
According to NAR, the West index slipped by 11.3 percent month-over-month—the largest decline across the U.S.
The $8,800 per listing decline is the largest drop since 2009
The West was the only region to see a sales increase in August
July marked the sixth consecutive month of declines, hitting a seasonally adjusted annual rate of 4.81 million homes
The median existing-home sales price rose 15.4 percent on a year-over-year basis to $350,300
NAR predicts existing-home sales to decline by 2.8 percent in 2022
Existing-home sales totaled 6.12 million in 2021–an increase of 8.5 percent from the prior year
The median existing home sales price rose 13.9 percent year-over-year to $353,900 in November
New numbers from CoreLogic indicate we already hit the 18 percent mark heading into the final quarter of 2021
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