Typical Home Price has Increased

posted by: George Sykes, Managing Broker, Worth Clark Realty on Thursday October 3, 2024

Seeing headlines that the median price of a home has dropped? It's easy to assume that means home prices are falling. But that’s not the case.

While median prices have dipped, that's because smaller, less expensive homes are hitting the market—and that’s impacting the mix of sales and driving the median down.

A closer look shows prices are still rising nationally. Have questions? Text me: 618-531-4000

#homeprices #homevalues

Typical Home Price has Increased

posted by: George Sykes, Managing Broker, Worth Clark Realty | Thursday October 3, 2024

Seeing headlines that the median price of a home has dropped? It's easy to assume that means home prices are falling. But that’s not the case.

George Sykes, Managing Broker, Worth Clark Realty

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Edwardsville, IL 62025
101 W Vandalia Street***
Suite 24
Edwardsville, IL 62025
618-531-4000

Granite City, IL 62040
PO Box 1021***
Granite City, IL 62040
618-531-4000

Chesterfield, MO 63005
100 Chesterfield Business Parkway***
2nd Floor
Chesterfield, MO 63005
618-531-4000

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Typical Home Price has Increased

posted by: George Sykes, Managing Broker, Worth Clark Realty on Thursday October 3, 2024

Typical Home Price has Increased

posted by: George Sykes, Managing Broker, Worth Clark Realty | Thursday October 3, 2024

George Sykes, Managing Broker, Worth Clark Realty

established: 2009

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