“Home prices across the nation as of November 2024 stood at $429,971,”
All home prices? Average home prices? The highest home prices? The lowest home prices?
I’ll just assume they mean average but I shouldn’t have to assume anything. If something is poorly written I don’t trust much of else that is in it.
It’s not real current news. This trend has been going on a while. Lots of people holding back to see what Trump does, what interests rates do etc....
Half of All Home Listings Have Gone Extra Stale, Unsold After 60 Days on Market
https://www.redfin.com/news/sales-speed-stale-listings-august-2024/
This whole article is a worthless data salad sprinkled with undefined acronyms. Totally useless.
There’s a huge difference between average and median in home prices!!! If you have nine homes for sale at $100,000, and one for sale at $9.1 million, your average is $1 million, and your median is $100,000.