Weekly Market Observations - January 4, 2024

Here’s Our Weekly Market Observations :

Single-family existing home sales decrease 7.3% YOY

Median single-family sale price increases 4% YOY to $387,600

Housing inventory increases from 3.2 months to 3.5 months YOY

Multifamily insurance costs have more than doubled in the past 2 years

Average 30-year fixed mortgage rates down again to 6.61%