The year-over-year increase of 6.1% is the greatest since June 2021, according to the association. 

On a monthly basis, however, home sales were down 20.4%, RE/MAX said. 

“Things will not change on a day-to-day basis,” says @properties Christie’s International Real Estate CEO Thad Wong.

There are 10 factors that influence this prediction, NAR said.

More buyers are touring homes and applying for mortgages as the 2024 housing market enters its home stretch, according to a new Redfin report.

COMPASS has acquired @properties and Christie’s International Real Estate.

Ruling brings an end to the Sitzer-Burnett legal saga.

Despite the new record in September, the rate of increase continues to slow. 

Builder confidence in the market for newly built single-family homes increases again.

Multifamily construction, meanwhile, rose on a monthly basis. 

NAR’s 2024 Profile of Home Buyers and Sellers included several record-setting stats about homesellers and FSBOs.

Buyers had been sitting on the sidelines awaiting the election’s outcome, as well as drops in mortgage rates, but they are back and looking to buy.

The market share of first-time homebuyers has dropped to 24%: a historic low, according to NAR. The median homebuyer age also hit a record-high of 56.

“Maybe the worst is coming to an end,” Yun said.

Looking ahead, the CoreLogic Home Price Insights report predicts home prices will dip by 0.1% in October on a month-over-month basis.      

Hispanic homeowners are narrowing the home value gap nationally, but not in Seattle.