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Weekly Market Observations - June 26,2024
![Contain 800x800](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1719416333-weekly-market-observation-062524.png?twic=v1/output=image/quality=55/contain=800x800)
Here’s Our Weekly Market Observations :
Existing home sale price in May is up 5.8% YOY to $419,300
Housing inventory increased to 3.7 months
Multifamily developers turn to value-add opportunities
Average 30-year fixed mortgage rates down slightly to 6.87%
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