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focus
Days on market increased in 202 of 204 markets from December 2023 to December 2024.
However, increased inventory did not prevent median sales prices from rising slightly in most markets.
Buying opportunities may be available in growing markets such as Raleigh, Tulsa and Huntsville, all of which are currently experiencing slight decreases in median sales price.
As we officially enter 2025, many investors may be waiting to see prices fall. Fortunately, 59 of the 204 largest markets will see a decrease in median closing price from December 2023 to December 2024, according to market data from HouseCanary.
Some recognized markets may be good options out-of-state investors include:
I recently wrote an article explaining why North Carolina Could be the next boom state most Its new growth could come in the Raleigh-Durham-Chapel Hill research triangle metropolitan area.
As an investor, I quite nice to see this big The Raleigh MSA’s median sales price fell (-12.1%) as I believe home prices will continue to rise in the long term due to excellent job growth and solid market fundamentals. but please do yours own Do your research before making an investment decision.
Although these markets may have emerged decline price Despite the buildup in inventories, prices continued to rise in other markets.
Days on Market (DOM) and listings both increased
DOM increased in 202 of the 204 markets analyzed.
this It may be related to the relative increase in the number of properties on the market. besides . However, as you will see, even if the total number of listings in some markets decreases, their DOM may still increase (e.g. Kansas City, Missouri and San Jose, California ).
58 markets experienced DOM addition or list, And prices have fallen.
interesting thing Of the 204 markets analyzed, 130 saw increases in total listings and DOM, but still saw price increases.
this For example, just because inventory increases, prices won’t necessarily fall, although that may slow growth.
We’ll be tracking this trend as we analyze next month’s data, so stay tuned.
Notes on BiggerPockets: These are the opinions written by the author and do not necessarily represent the views of BiggerPockets.