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Average US home sale price grew annually by 1.5% for the first time in 5 months
Posted on July 17, 2023 |
In July, the average US home-sale price grew annually by 1.5%, the first increase in home-sale prices in 5 months.
Since 2022, the average weekly mortgage rates reached the highest level, which brought homebuyers’ monthly payments to a high of $2,627 per month.
New listings fell annually by 27%, the biggest decline since the pandemic and the total number of homes on the market dropped by 14% since March 2022.