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Colorado's housing market is cooling off, especially in Denver, where home prices dropped 1.8% year over year in August 2024. After a post-pandemic boom drove prices up fast, the market is now ...
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
Homeowners are trimming prices to revive buyer interest, which has dropped off amid record price highs and elevated mortgage rates. The median home price fell 1.3% year-over-year, hitting $429,990.
That led existing home sales to fall 0.7% last year to 4.06 million — the weakest showing for home sales since 1995 and edging out the terrible year for sales in 2023, the National Association ...
Existing home sales in 2024 are on track to reach a nearly 30-year low. Average 30-year fixed mortgage rates are north of 7%, compared with 4.09% at the start of his first term.
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"We forecast house prices in 2023 to finish the year flat versus 2022 before falling 2% in 2024 as affordability continues to adjust slowly back to long-run averages and inventories begin a slow ...
To compare, Morgan Stanley forecasts a 3% drop in nationwide home prices this year; Redfin predicts home prices will fall 1% year over year in the second and third quarters of 2024; and Zillow ...