NCJAR News
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Chris Coccia, NCJAR 2024 President, shares the latest member update, highlighting plans from a recent trustee meeting, a slight dip in home sales per NAR data, and key insights into market conditions. NCJAR members are encouraged to stay engaged and inform clients as market shifts may be on the horizon. He also introduces NAR’s new consumer guide, "10 Questions to Ask a Buyer's Agent," and reminds members to register for the upcoming Realtor Code of Ethics class to stay compliant and uphold professional standards.
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U.S. existing-home sales slid 2.5% month-over-month and 4.2% year-over-year to a seasonally adjusted annual rate of 3.86 million units, according to the National Association of REALTORS® (NAR). Meanwhile, home prices have continued to reach record heights nationwide, with NAR reporting a median sales price of $416,700 as of last measure, a 3.1% increase from the same time last year and a new high for the month.
- Single Family Closed Sales were down 5.8 percent to 1,470.
- Townhouse-Condo Closed Sales were down 1.0 percent to 392.
- Adult Communities Closed Sales were down 27.5 percent to 37.
