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Weekly Market Observations - March 7,2024
![Contain 800x800](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1709830395-weekly-market-observation-03052024.png?twic=v1/output=image/quality=55/contain=800x800)
Here’s Our Weekly Market Observations :
Existing home sales up 3.1% in January but down 1.7% YOY
Median home sales price up 5.1% YOY to $379,100
Housing inventory inches up from to 3 months in January
Key inflation metric for January came in as expected
Average 30-year fixed mortgage rates up slightly to 6.94%
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