VIDEO: May 2021 Existing and Pending Home Sales

Author: Rich Barnhart

Author: Rich Barnhart

Lawrence Yun from the National Association of REALTORS shares some thoughts on the National Real Estate Market. Watch the video below for all the details, here are some key points.

  • The median home price in the country is now $350,3000 which is a 24% increase over last year, the strongest increase ever.
  • Sales activity is down due to affordability issues and lack of inventory at the lower price levels.
  • Vacation rental markets are outperforming primary residence markets in both sales volume and price increases.
Blog Author:

Rich Barnhart

Rich is the broker and owner of By The Sea Realty and a frequent contributor to the company's real estate blog.

What Is Your Property Worth?

Get your free Comparative Market Analysis (CMA) prepared by a local specialist.