However, there was a slight decrease in median sold price compared to the previous month, with December 2024 seeing a 10.41% decrease from November 2024 when the median sold price was $206,500. This could be attributed to seasonal fluctuations in the market.
The median list price for homes in the metro east area also saw a 5.00% increase from $180,000 in December 2023 to $189,000 in December 2024. This suggests that sellers are confident in the market and are able to list their homes at higher prices.
Despite the slight decrease in median sold price, home sales in the metro east area remained steady with 517 homes sold in December 2024. This is only a 1.34% decrease from December 2023 when 524 homes were sold.
As we move into 2025, the metro east real estate market continues to show promising signs of growth. With steady increases in median sold and list prices, as well as a consistent number of home sales, it is an opportune time for both buyers and sellers in the metro east area. For more information on the current market trends and to find your dream home in the metro east, contact MORE, REALTORS® today.