Baltimore Real Estate News
Baltimore
Number of U.S. Home Sales Hit 30 Year Low in 2024
According to a recent Redfin report, only 25 out of every 1,000 U.S. homes changed ownership in the first eight months of 2024, marking the lowest housing turnover rate in 30 years.
Homeownership Expenses Consume 34 Percent of Average Wages in U.S.
ATTOM Data's latest U.S. Home Affordability Report for the third quarter of 2024 reveals that single-family homes and condos across the nation remain less affordable compared to historical averages in 99% of counties with sufficient data.
Stale Home Listings on the Rise in America
Based on new data from Redfin, nearly half (48%) of all U.S. listings have lingered on the market for at least 60 days, the highest share for any August since 2019.
Home Sales in America Downtick Further in August
In August 2024, existing-home sales dropped, according to the National Association of Realtors (NAR) latest data. Three out of four major U.S. regions experienced declines, while the Midwest remained unchanged. Compared to the previous year, sales fell in three regions but held steady in the Northeast.
