Home sales in 2023 drop to lowest level in 28 years. Sales of previously owned homes in 2023 dropped 19% year-over-year to 4.09 million, the lowest full-year level since 1995, according to new data from the National Association of Realtors. The median price of a home sold in 2023 was $389,800 (a record high), while the median price of a home sold in December was $382,600, a year-over-year increase of 4.4%.
2 comments:
No wonder so many people live on the streets, the investors have bought all the houses, drove up the price, and bankrupted Americans. I place the blame squarely on the real estate industry which demanded (with big campaign contributions) the government stop building housing so they could push up rents without the competition of public housing. Letting the real estate lobby run local communities is among the worst things that could happen to a community.
Greg Gerritt,
Your comment is 100% correct.
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