NAR (Realtors): Existing-home sale volume retreated 2.5% in August, Median price continues to rise

Gaius · 2024-10-23T14:18:53.134Z

The 3.1% price increase is an increase in median price.
It reflects a mixture of

all prices rising
smaller more affordable homes have stopped selling. (so, the midpoint would have moved even if prices had been stagnant.)

Impenitent · 2024-10-23T14:53:21.709Z

artificially raising the prices of housing by increasing demand (illegal aliens can’t sleep under the bridges) amid other inflation…