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Thats $15,600 lower than May 2024s median home sales price of $442,500 reported by Realtor.com.
These cities are predicted to become a total steal in the next two years.
Also read about various places where houses are suddenly major bargains.
Miami
Home sales in Miami have fallen 11.2% year over year (YOY).
In May 2024, condominiums flooded two-thirds of the market with single-family properties occupying the remaining third.
Condo listings have increased since 2023 with many new builds on the market.
This causes the median home listing price to wane, according to Newsweek.
The culprit once again was higher interest rates that brought a halt to buyer demand, according to Redfin.
Although thereal estate marketis seeing more price reductions on a weekly basis, home values are not decreasing.
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