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.