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Even more expensive properties are seeing price increases: In Q2, the median sale price of luxury homes in the U.S. Although low demand would normally lead to lower property prices, the current market’s robust prices are being driven by competition from a lack of supply. reached a record $1.18 million, up 9% year-over-year.
In our current seller’s market, the national inventory of active listings is down 43.1% Home inspection. A home inspection is the foundation on which all other real estate contingencies are built. In the inspection, a neutral expert assesses the home for roofing, plumbing, structural, electrical, and other major problems.
Note: Average prices include all home sales – including ultra-luxuryproperties – and do not portray the housing market as accurately as median prices.) Total inventory remains low, however, keeping prices higher on an annual basis. Rental occupancy rates will end this year at 95%, the research firm forecasts.
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