By Jordyn Windnagle - January 31, 2025
While US home prices had moderate gains in 2024, the total number of sales was meager. Existing-home sales dropped to the lowest level in nearly 30 years, as reported by the National Association of Realtors. Median home prices reached record highs at $407,500. This was, in part, due to the performance of higher-end homes. Sales on homes priced over $1 million rose 35% over the year, while properti