Metro East Update: Real Estate Market Continues to Thrive in May 2024

By Dennis Norman, on June 9th, 2024

The latest data from MORE, REALTORS® shows that the metro east real estate market is still going strong as of May 2024. According to the chart below, the median sold price for homes in the metro east area was $191588, representing an 8.55% increase from May 2023 when the median sold price was $176500. This also marks a 4.69% increase from April 2024, when the median sold price was $183000.

The median list price for homes in the metro east update also saw a significant increase, rising 8.51% from $175000 in May 2023 to $189900 in May 2024. Additionally, there were 671 home sales in the metro east area during May 2024, a 6.00% increase from the 633 sales in May 2023.

These numbers demonstrate the continued strength and growth of the metro east real estate market. With increasing median sold and list prices, as well as a rise in home sales, it is clear that the demand for homes in this area remains high. Stay tuned for more updates on the metro east real estate market, exclusively from MORE, REALTORS®.

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