Latest news with #homeprices
Yahoo
an hour ago
- Business
- Yahoo
St. Joseph County home listings asked for more money in June – see the current median price here
The median home in St. Joseph County listed for $284,500 in June, up 7% from the previous month's $265,900, an analysis of data from shows. Compared to June 2024, the median home list price decreased 2.7% from $309,450. The statistics in this article only pertain to houses listed for sale in St. Joseph County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at St. Joseph County's median home was 1,951 square feet, listed at $159 per square foot. The price per square foot of homes for sale is mostly unchanged from June 2024. Listings in St. Joseph County moved steadily, at a median 45 days listed compared to the June national median of 53 days on the market. In the previous month, homes had a median of 43 days on the market. Around 54 homes were newly listed on the market in June, a 10% decrease from 60 new listings in June 2024. The median home prices issued by may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales. In Michigan, median home prices were $317,000, a slight increase from May. The median Michigan home listed for sale had 1,646 square feet, with a price of $188 per square foot. Throughout the United States, the median home price was $440,950, a slight increase from the month prior. The median American home for sale was listed at 1,852 square feet, with a price of $233 per square foot. The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on Sturgis Journal: St. Joseph County home listings asked for more money in June – see the current median price here Solve the daily Crossword
Forbes
11 hours ago
- Business
- Forbes
The Top Housing Markets Where Inventory Has Increased The Most
The Durham, NC metro area has witnessed the largest one-year increase in available inventory since ... More last summer. With mortgage rates still elevated compared to where they were five years ago, affordability is still a problem for many of America's housing markets. But a key development recently has been that the number of home sales has been falling. Inventory has been stacking up. As a result, prices are coming down in many areas, though nowhere close to pre-pandemic levels. Based on a list of the largest American metro areas by population, 100 housing markets were analyzed in terms of the change in their available housing inventory year-over-year, from June 2024 to June 2025, as well as their three-year and five-year rates. All housing data was sourced from Redfin. Read on to find out which cities have experienced the biggest growth in their available housing inventory over the last year. Markets Where Housing Inventory Has Increased the Most Looking at housing inventory change in percentage terms over the course of one year, the majority of cities that have experienced the largest one-year increase are primarily in the U.S. West and South regions. Leading the way is the Durham metro area in North Carolina, which saw its monthly inventory rise by 45.8%: From 1,335 homes available for sale in June 2024 to 1,947 in June 2025. Out of all the cities analyzed, Durham's one-year growth in housing inventory was the greatest. Below are the top 10 metro areas that have experienced the greatest increase in housing inventory in the course of the last year: While pretty much every housing market saw their inventory get really low in 2021-2022, during the pandemic buying spree, Durham's supply of available homes reached its lowest point later. It actually occurred in December 2023, when it reached a monthly low of 898 homes. Two North Carolina housing markets made the top 10 list, the other being Raleigh. Its lowest level of inventory was reached in early 2022, as is common with many housing markets. In January 2022, available homes got down to 2,459. There was then a very rapid recovery, as interest rate hikes kicked in. By September 2022, inventory was back up to 5,419, the highest since September 2020. Below is a table detailing the 12-month average housing inventories for these 10 cities from 2020 to now: Trends Among Cities With Increasing Housing Inventory Housing markets in the western U.S. dominate the top 10 list. Two North Carolina metro areas made the top 10, but the South has more among the top 20. This includes Knoxville, TN metro area, which saw monthly inventory rise by 25.4% from June 2024 to June 2025. Over the last three years it increased by 63.3%. Miami's increased by 22% year-over-year, but saw a massive increase of 75.9% since 2022. Two Utah housing markets made the top 10 as well: The Salt Lake City, UT metro area and the Ogden, UT metro area. The pattern here was a bit different than in Raleigh and Durham. Both these Utah metro areas saw inventory decline precipitously in late 2021 and they stayed low right through to spring 2022. But since then, both housing market's have not seen their available homes ever get that low again, unlike the two North Carolina housing markets. This seems to be a regional trend occurring in the west. The Las Vegas, NV metro area witnessed a similar pattern: Its lowest inventory occurred between the stretch from early 2021 to early 2022, then never reached those depths again. The lowest level Las Vegas got to was 4,431 available homes for sale in February 2022, well below its 12-month average of 5,910 for 2021-2022.
Yahoo
19 hours ago
- Business
- Yahoo
Sangamon County home listings asked for more money in June – see the current median price here
The median home in Sangamon County listed for $229,975 in June, up 5.5% from the previous month's $217,900, an analysis of data from shows. Compared to June 2024, the median home list price increased 7% from $212,450. The statistics in this article only pertain to houses listed for sale in Sangamon County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at Sangamon County's median home was 1,841 square feet, listed at $118 per square foot. The price per square foot of homes for sale is up 6.7% from June 2024. Listings in Sangamon County moved briskly, at a median 36 days listed compared to the June national median of 53 days on the market. In the previous month, homes had a median of 32 days on the market. Around 266 homes were newly listed on the market in June, a 7.3% increase from 248 new listings in June 2024. The median home prices issued by may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales. Across the Springfield metro area, median home prices rose to $234,975, slightly higher than a month earlier. The median home had 1,901 square feet, at a list price of $118 per square foot. In Illinois, median home prices were $325,000, a slight increase from May. The median Illinois home listed for sale had 1,710 square feet, with a price of $189 per square foot. Throughout the United States, the median home price was $440,950, a slight increase from the month prior. The median American home for sale was listed at 1,852 square feet, with a price of $233 per square foot. The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on State Journal-Register: Sangamon County home listings asked for more money in June – see the current median price here Solve the daily Crossword
News.com.au
19 hours ago
- Business
- News.com.au
Revealed: Aus trend helping buyers beat record house prices
As home prices hit their highest levels on record, one trend is rapidly gaining traction, giving hope to buyers priced out of where they live in. Anant Shah, a 34-year-old father of two, and his wife Sweta, are among thousands of Aussies turning to rentvesting as prices rise – a way to benefit from better value and strong capital gains elsewhere while remaining where you want to live. Million-dollar savings: Brisbane's bargain suburbs exposed Mortgage data shows investor lending is now outstripping the rise in owner-occupier loans, doubling in the last four years alone. Queensland saw investor loans rise 24 per cent rise in the last year with two in every five new loans in the state now going to landlords. For the Shahs, buying where they live in a rental in Brisbane's Chapel Hill was out of the question – with median prices there surging 85.2 per cent during the pandemic to $1.565m now. 'The budget to buy in the suburb I am renting in is huge because Chapel Hill is near the city. Houses here are like around $1.5m. That's why we shifted our focus to buy an investment property where it fits our budget and still rent here where we want to stay.' 'If you want to grow your money and portfolio, you have to do some investment. You can buy a $1.5m house as owner-occupier but it would make it very difficult to buy an investment property after that for a while because of the mortgage.' Inside billionaire Annie Cannon-Brookes' revamp of trashed island He said they picked Ipswich for their first investment because it still gave them the option to move there if it ever became necessary. 'We were also not too sure about this investment plan as a whole so we wanted to buy something nearby. This is about 20 minutes drive from where I'm living. Also if we had to change our plans or something happens, we could easily try to move there and still be close to work.' The strategy has done so well for them they now also have an investment property in New South Wales. Future Strategy managing director Gareth Croy said 'rentvesting' was not a new trend in places like Sydney where people had to service massive mortgages to stay in their own home. But, he added, that same reasoning of massive mortgages due to record prices was now seeing the trend rapidly gain popularity in once affordable areas like Brisbane. 'Silly' price paid for unliveable 100-year-old cottage 'Rentvesting is definitely here to stay,' he said, to the point where it was even making financial sense for first home buyers. 'It makes sense for young people to get onto the property ladder even if they can't afford to buy where they want to live.' This is seeing a growing number of young first home buyers choosing to miss out on state FHB grants to just get their foot in the door as investors. Mr Croy, who has offices on the Gold Coast, in Sydney and Melbourne, has now opened a multidisciplinary financial services office at Eagle Street with 30 staff to cope with demand.
Yahoo
a day ago
- Business
- Yahoo
Richland County home listings asked for more money in June – see the current median price here
The median home in Richland County listed for $233,950 in June, up 1.7% from the previous month's $229,950, an analysis of data from shows. Compared to June 2024, the median home list price increased 1.7% from $234,900. The statistics in this article only pertain to houses listed for sale in Richland County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at Richland County's median home was 1,596 square feet, listed at $147 per square foot. The price per square foot of homes for sale is up 7.6% from June 2024. Listings in Richland County moved briskly, at a median 31 days listed compared to the June national median of 53 days on the market. In the previous month, homes had a median of 37 days on the market. Around 166 homes were newly listed on the market in June, a 9.2% increase from 152 new listings in June 2024. The median home prices issued by may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales. In Ohio, median home prices were $295,000, a slight increase from May. The median Ohio home listed for sale had 1,779 square feet, with a price of $167 per square foot. Throughout the United States, the median home price was $440,950, a slight increase from the month prior. The median American home for sale was listed at 1,852 square feet, with a price of $233 per square foot. The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on Mansfield News Journal: Richland County home listings asked for more money in June – see the current median price here Solve the daily Crossword
