This Week...The median list price in MEDINA, OH 44256 this week is $299,900. The 235 properties have been on the market for an average of 128 days.The Market Action Index has been trending down
New Construction Rates And Inflation
Turning to residential construction, new home starts and building permits beat economists’ forecasts. Permits hit the highest level since 2007 (second chart below).
Looking ahead, residential construction activity is expected to peak next year as affordability worsens due to higher prices and rising mortgage rates (See third Chart below)
Source: Wall Street Journal