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Yahoo
a day ago
- Business
- Yahoo
Orange County home listings asked for more money in May - see the current median price here
The median home in Orange County listed for $525,000 in May, up 1% from the previous month's $520,000, an analysis of data from shows. Compared to May 2024, the median home list price stayed the same as $525,000. The statistics in this article only pertain to houses listed for sale in Orange County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at Orange County's median home was 2,000 square feet, listed at $266 per square foot. The price per square foot of homes for sale is up 5.1% from May 2024. Listings in Orange County moved steadily, at a median 44 days listed compared to the May national median of 51 days on the market. In the previous month, homes had a median of 46 days on the market. Around 552 homes were newly listed on the market in May, a 30.2% increase from 424 new listings in May 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 New York-Newark-Jersey City metro area, median home prices rose to $795,000, slightly higher than a month earlier. The median home had 1,500 square feet, at a list price of $533 per square foot. In New York, median home prices were $699,000, the same as April. The median New York home listed for sale had 1,578 square feet, with a price of $435 per square foot. Throughout the United States, the median home price was $440,000, a slight increase from the month prior. The median American home for sale was listed at 1,840 square feet, with a price of $234 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 Times Herald-Record: Orange County home listings asked for more money in May - see the current median price here
Yahoo
24-05-2025
- Business
- Yahoo
Actually, A Recession Might Be A Win For Homebuyers
More than 60% of respondents to a survey said they see a recession on the horizon, and nearly 30% said that an economic downturn could present a homebuying opportunity. A recession could mean lower mortgage rates and fewer competitive bidders, the report said. Potential buyers saw several obstacles to a home purchase, including limited inventory and credit qualifications. But a majority said a recession wouldn't deter their efforts to buy a than half of homebuyers are worried that a recession is on the horizon. But for some, an economic downturn could be the perfect homebuying opportunity. About than 60% of potential homebuyers in quarterly survey said they see a recession coming within the year. However, nearly 30% of them think an economic downturn would make it easier for them to buy a home. 'While concerns are definitely present, some buyers anticipate that a downturn can bring opportunity,' said Danielle Hale, chief economist at They see key homebuying incentives during a recession, including mortgage rates that are likely to be lower than current levels, as well as less competition from other buyers. The survey showed that homebuyers are often more concerned about their own financial situation than the overall economic conditions. More than 54% said that a recession would not impact their homebuying decisions, while only 15% said an economic downturn would deter them from purchasing a home. 'Well-prepared buyers who have been waiting on the sidelines are likely motivated by personal and lifestyle needs like growing families, new jobs, or retirements," Hale said. "And these considerations can outweigh short-term economic uncertainties,' While a worsening economy could create challenges, the survey showed that potential buyers are already having a difficult time under current economic conditions. They said the biggest obstacle was the limited number of available properties to choose from—44% cited limited inventory as a major concern. Available home listings have improved recently, but they were still more than 16% below the historical average. Budgetary constraints were a top concern for 36% of buyers, while others said credit availability and mortgage qualifications were big challenges. However, many homebuyers didn't mention competition from other buyers. Only about 8% said that tough bidding was hurting their homebuying efforts. 'This trend aligns with increased time on market, a moderate rise in listings, and more stable pricing; all of which point to a slower, less stressful home search experience,' the report said. Read the original article on Investopedia
Yahoo
19-05-2025
- Business
- Yahoo
Warren County home listings asked for less money in April - see the current median price here
The median home in Warren County listed for $124,950 in April, slightly down from the previous month's $125,000, an analysis of data from shows. Compared to April 2024, the median home list price slightly decreased from $125,000. The statistics in this article only pertain to houses listed for sale in Warren County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at Warren County's median home was 21 square feet, listed at $0.07 per square foot. The price per square foot of homes for sale is down 4.7% from April 2024. Listings in Warren County moved steadily, at a median 91 days listed compared to the April national median of 50 days on the market. In the previous month, homes had a median of 80 days on the market. Around 22 homes were newly listed on the market in April, a 57.1% increase from 14 new listings in April 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 Galesburg metro area, median home prices rose to $151,150, slightly higher than a month earlier. The median home had 69 square feet, at a list price of $0.12 per square foot. In Illinois, median home prices were $312,500, a slight increase from March. The median Illinois home listed for sale had 16,984 square feet, with a price of $0.1 per square foot. Throughout the United States, the median home price was $431,250, a slight increase from the month prior. The median American home for sale was listed at 467,514 square feet, with a price of $0.18 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. At your fingertips: Accessing local journalism is even easier with the Galesburg Register-Mail app 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 Galesburg Register-Mail: Warren County home listings asked for less money in April - see the current median price here
Yahoo
18-05-2025
- Business
- Yahoo
New Castle home listings asked for more money in April - see the current median price
The median home in New Castle County listed for $409,950 in April, up 5.1% from the previous month's $389,900, an analysis of data from shows. Compared to April 2024, the median home list price decreased 8.8% from $449,250. The statistics in this article only pertain to houses listed for sale in New Castle County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at Sussex County: Home listings asked for more money in April - see the current median price Kent County: Home listings asked for more money in April - see the current median price New Castle County's median home was 756 square feet, listed at $0.11 per square foot. The price per square foot of homes for sale is up 1.9% from April 2024. Listings in New Castle County moved briskly, at a median 29 days listed compared to the April national median of 50 days on the market. In the previous month, homes had a median of 34 days on the market. Around 604 homes were newly listed on the market in April, an 8.2% increase from 558 new listings in April 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 Philadelphia-Camden-Wilmington metro area, median home prices rose to $375,000, slightly higher than a month earlier. The median home had 8,846 square feet, at a list price of $0.13 per square foot. In Delaware, median home prices were $489,950, a slight increase from March. The median Delaware home listed for sale had 1,980 square feet, with a price of $0.14 per square foot. Throughout the United States, the median home price was $431,250, a slight increase from the month prior. The median American home for sale was listed at 467,514 square feet, with a price of $0.18 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 Delaware News Journal: New Castle County home listings asked for more money in April
Yahoo
18-05-2025
- Business
- Yahoo
Sussex County home listings asked for more money in April - see the current median price
The median home in Sussex County listed for $549,950 in April, slightly up from the previous month's $549,900, an analysis of data from shows. Compared to April 2024, the median home list price decreased 2.5% from $564,088. The statistics in this article only pertain to houses listed for sale in Sussex County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at New Castle County: Home listings asked for more money in April - see the current median price here Kent County: Home listings asked for more money in April - see the current median price Sussex County's median home was 911 square feet, listed at $0.16 per square foot. The price per square foot of homes for sale is up 3.7% from April 2024. Listings in Sussex County moved steadily, at a median 49 days listed compared to the April national median of 50 days on the market. In the previous month, homes had a median of 51 days on the market. Around 694 homes were newly listed on the market in April, a 17.6% increase from 590 new listings in April 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 Philadelphia-Camden-Wilmington metro area, median home prices rose to $375,000, slightly higher than a month earlier. The median home had 8,846 square feet, at a list price of $0.13 per square foot. In Delaware, median home prices were $489,950, a slight increase from March. The median Delaware home listed for sale had 1,980 square feet, with a price of $0.14 per square foot. Throughout the United States, the median home price was $431,250, a slight increase from the month prior. The median American home for sale was listed at 467,514 square feet, with a price of $0.18 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 Delaware News Journal: Sussex County home listings asked for more money in April
