Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
April Marks Record High: US median home-sale price surges by 6%
Posted on May 24, 2024 |
In April, the median US home sale price surged by 6.2% year-over-year, hitting a historic high of $433,558.
Despite a 1.7% month-over-month increase in April, new listings are still 20% below pre-pandemic levels, as homeowners are reluctant to sell due to favorable mortgage rates acquired during the pandemic.
Last April, new listings hit record lows, contributing to the substantial year-over-year gain seen in April 2024.
Home sales remained relatively stable in April compared to the previous month but decreased by 1.4% year-over-year.