Buyers' market in housing may be on the horizon for 2024 - News Summed Up

Buyers' market in housing may be on the horizon for 2024


The residential real estate industry could be coming back from holiday to a buyer's market in the New Year. On top of that, agents are reporting that there are high numbers of potential vendors ready to put their houses on the market when the market opens up again in the New Year. On the price front, the price gap between average asking prices and median selling prices almost doubled in the second half of this year, rising from $68,000 in July to $131,000 in November. We send it out 3-5 times a week with all of our property-related news, including auction results, interest rate movements and market commentary and analysis. To start receiving them, register here (it's free) and when approved you can select any of our free email newsletters.


Source: Stuff December 15, 2023 10:58 UTC



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