Even as inflation rise and mortgage rates increase, the housing news is heading in a positive direction. Listing prices have declined for the seventh consecutive month while homes under contract rose for the sixth straight month.
Median listing prices dropped in 2.4% May – the most significant decline since 2017. New listings rose 2.1%, the highest wince May 2022.
Finally, new listings increased dramatically in the Midwest (4.7%) and Northeast (8.6%).
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