Designing Operational Systems for Scalable Brokerages
U.S. existing-home sales fell 5.9% month-over-month and 2.4% year-over-year, totaling 4.02 million units, amid affordability issues and economic uncertainty. New listings for Townhouse/Condo properties dropped 6.3%. Inventory rose significantly while median home prices experienced mixed trends, with overall national prices increasing 2.7% year-over-year.
U.S. existing-home sales decreased by 4.9% month-over-month, totaling 4.08 million units, impacted by high prices and interest rates, although up 2% from last year. New listings rose, yet pending sales varied. Home prices continued to climb nationally, with the median existing-home price at $396,900, a 4.8% annual increase.
As 2025 begins, the luxury real estate market has shown resilience, with December 2024 reporting a significant sales increase and moderate price growth. Despite tight inventory, buyer confidence remains high, driven by discerning preferences. With evolving demands and strategic seller approaches, 2025 promises balanced growth and sustained investment potential in luxury properties.