02/06/2023
US Residential Real Estate - Market Summary
The US residential real estate market is in an interesting state right now. With 1,031,358 listings currently for sale, there are plenty of opportunities for potential buyers to find the home of their dreams. The median sale price across the US currently stands at $394,990, and the median price per square foot is $206.80.
On average, listings 106 days old. Of the listings currently available, 330,209 have had their prices reduced, and the average price reduction is 5.0%. The median cap rate of 4.3% indicates that the market is still fairly stable.
The median net operating income for residential properties is $1,294 per month, and the median cash-on-cash return is -4.9%. The average 1 year property value forecast is -2.8%.
Coldwell Banker Realty has the most listings in the US currently.
As of 3rd February 2023
