First Quarter 2024: Evansville Real Estate Market Highlights

Discover the Latest Trends in the Evansville Real Estate Market for Q1 2024!

Join us as we delve into the first quarter of 2024 to uncover the key trends and statistics shaping the Evansville real estate market. Despite a 9% drop in home sales compared to last year, the market remains vibrant with multiple offers common on homes priced under $250,000. 🏠

What's happening with home prices? They’ve surged by 13% to a median price of $187,379, driven by a continuing supply-demand imbalance. While inventory levels are slightly up by 17%, the shortage of homes persists, making it a challenging landscape for buyers. 📈

With mortgage rates now averaging around 7%, affordability is becoming a concern, yet Evansville remains a competitive market in the Midwest. Looking ahead, the seller's market is expected to remain robust into the warmer months, promising continued price appreciation due to the tight supply. 🌞

Whether you're thinking of buying or selling in Evansville, stay informed with our expert analysis and tips. Subscribe for more updates, and let's connect to navigate this dynamic market together. Your dream home or successful sale could be just around the corner in 2024!

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📞 Contact us today to discuss your real estate goals and how we can help you succeed in the Evansville market.
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Call The McBride Real Estate Group for more information. 812-518-2225. We are the Real Estate Team that MOVES YOU!

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