Comparing the percent change from November 2016 to Novmeber 2017, New Listings remain the same for single family homes and townhouse-condo properties.
The Median Sales Price was up 32.5% to $334,500 for single family homes and Days on Market decreased 72.4%.
New tax legislation could have ramifications on housing. The White House believes that the tax reform bill will have a small impact on home prices, lowering them by less than 4 percent, and could conceivably boost homeownership. The National Association of REALTORS® has stated that eliminating the mortgage interest deduction could hurt housing, as the doubled standard deduction would reduce the desire to take out a mortgage and itemize the interest associated with it, thus reducing demand. This is a developing story.
