Real Estate Changes July 15 2024

Real Estate Changes July 15 2024. A groundbreaking $418 million settlement announced friday by the powerful national association of realtors is set to usher in the most sweeping reforms the. While the settlement will need to be approved by a judge, the broader real estate industry will be forced to quickly digest significant—though hardly unprecedented—changes to their.

1.000 median sale to list ratio (july 31, 2024) $365,333 median sale price (july 31, 2024) $403,267 median list price (august 31, 2024) 34.7% percent of sales over list price. Changes in real estate rules may alter agent commissions, shifting costs to buyers and increasing price competition for services.