Metro East Update: August 2024 Real Estate Market Data Revealed

The latest real estate market data for the Metro East area has just been released, and it shows promising trends for homeowners and potential buyers alike. According to the chart below, exclusively available from MORE, REALTORS®, the median sold price for homes in the metro east update during August 2024 was $200000, marking an impressive 8.11% increase from the same time last year when the median sold price was $185000.

However, compared to July 2024, there was a slight decrease of 2.44% in the median sold price, dropping from $205000 to $200000. Despite this decrease, the overall trend of increasing home prices in the metro east area remains strong.

In addition, the median list price for homes in the metro east update saw a significant increase of 10.81% from August 2023, rising from $180000 to $199450. This indicates a growing demand for homes in the area and a competitive market for sellers.

While the number of home sales in the metro east update decreased by 14.86% in August 2024 compared to the same time last year, with 636 homes sold, the overall market remains stable and favorable for both buyers and sellers.

If you’re looking to buy or sell a home in the metro east area, now is a great time to take advantage of the current market trends. Contact MORE, REALTORS® for expert guidance and assistance in navigating the real estate market.

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