Luxury Home Prices Jump 4.6% as Inventory Slows, Rocket Companies Reports
I'm PortAI, I can summarize articles.
Rocket Companies Inc. reports a 4.6% year-over-year increase in median luxury home prices, reaching $1.31 million in December, despite a 1.1% decline in pending sales. The growth is attributed to limited inventory, with active listings rising only 5.6%, the slowest since April. Competition among affluent buyers is driving prices up, even as overall demand remains weak. Only Fort Worth, TX, and Portland, OR, experienced price declines. This analysis highlights the contrasting trends in luxury versus non-luxury home markets.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments