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Weekly Market Observations — March 26,2024
![Contain 800x800](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1711485919-weekly-market-observation-032624.png?twic=v1/output=image/quality=55/contain=800x800)
Here’s Our Weekly Market Observations :
New home construction permits up 1.9% MOM and 2.4% YOY in February
New home construction starts up 10.7% MOM and 5.9% YOY
Existing home sales up 9.5% MOM and decreased 3.3% YOY
Median home sales price increased 5.7% YOY to $384,500
Housing inventory inches down slightly MOM to 2.9 months
Average 30-year fixed mortgage rates up slightly to 6.87%
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