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Weekly Market Observations — October 24, 2023
![Contain 800x800](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1698163520-weekly-market-observation-102423.png?twic=v1/output=image/quality=55/contain=800x800)
Here’s Our Weekly Market Observations :
Existing home sales drop 2% in September from August and 15.4% YOY
Inventory climbed 2.7% in September with supply now at 3.4 months
Median existing home sales price increased 2.8% YOY to $394,300
Mortgage demand falls to 28 year low
Average 30-year fixed mortgage rates up slightly to 7.63%
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