National Housing Report – November 2024

Dated: December 20 2024

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National Housing Report – November 2024

Year-Over-Year Gains Highlight Market Resilience Amid Seasonal Slowdown

November home sales finished 6.3% above a year ago, marking the seventh time a 2024 month has topped its 2023 counterpart. At the same time, sales dropped 11.6% from October, reflecting the typical year-end slowdown.

In the 50 metro markets surveyed, November inventory was 25.0% higher year over year but declined 4.3% from October. New listings also increased and were 8.5% higher year over year but dropped 23.5% month over month.

Likewise, the median sales price of $429,000 was 5.7% above November 2023’s $406,000, but down 0.2% from October’s $430,000.

Read the full report

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Melissa Bailey

Melissa Bailey is a results-driven REMAX agent and team leader dedicated to helping clients reach their real estate goals. With a strong background in marketing and sales, she combines experience, str....

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