Housing Market Predication for 2025
Shared by Rancho Cucamonga Real Estate Broker Li Li Hwang
- The median home-sale price in the U.S. as of November 2024 was $406,100, according to NAR. That’s an increase of 4.7 percent from November 2023 and marks the 17th consecutive month for year-over-year price increases.
- Would-be homebuyers continue to be discouraged by elevated mortgage rates and ever-rising home prices
- In addition, while housing inventory has grown, it’s still below what’s needed for a balanced market.
- ~ Above information provided by Bankrate published on Jan. 14, 2025 ~
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