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Summary: Existing Home Sales Dropped 2.0% in September to a 13-year low as Prices Continue to Climb
- September existing home sales dropped 2.0% to a pace of 3.96 million, the lowest since October 2010, while the median home sales price continued to climb.
- Article on Realtor.com Economic Research.
Must-Know Points: Understanding the Impact of Declining Home Sales and Rising Prices
According to Realtor.com Economic Research, September existing home sales dropped 2.0% to a pace of 3.96 million, marking the lowest level since October 2010. Meanwhile, the median home sales price continued to climb, reflecting the ongoing challenge of affordability and inventory constraints in the housing market.
As a Kansas City Realtor, we understand the importance of staying informed about market trends and their potential impact on buyers and sellers. Our team of experienced professionals is dedicated to helping clients navigate the complexities of buying or selling a home and providing expert guidance on finding the perfect property in their desired location.
In conclusion, the decline in home sales and rising prices emphasize the importance of understanding the current real estate market trends and their potential impact on buyers and sellers. As a professional and dedicated Kansas City Realtor, we’re committed to providing expert guidance and assistance to help our clients achieve their real estate goals. If you’re looking for assistance in buying or selling a home in the Kansas City area, don’t hesitate to reach out to our team for expert guidance and support.
Orginal article: Link To Article – provided by Kansas City Realtors
