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Weekly Market Observations — December 27, 2023
![Contain 800x800](https://bpimg.biggerpockets.com/no_overlay/uploads/uploaded_images/1703693381-weekly-market-observation-122723.png?twic=v1/output=image/quality=55/contain=800x800)
Here’s Our Weekly Market Observations :
Single-family existing home sales decrease 7.3% YOY
Median single-family sale price increases 4% YOY to $387,600
Housing inventory increases from 3.2 months to 3.5 months YOY
Multifamily insurance costs have more than doubled in the past 2 years
Average 30-year fixed mortgage rates down again to 6.67%
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