In March 2024, property sales across the top 15 metro areas showed different trends compared to the previous year. Among them, New York experienced the largest decline in sales volume, dropping by a significant 35.1% over the previous year with 5,576 properties sold. On the other hand, Boston had the smallest decrease, with sales falling by 10.4%, when compared March 2023. Other metros like Dallas and Los Angeles faced substantial decreases of 22.86% and 23.48%, respectively. Meanwhile, cities like Chicago and Philadelphia saw sales volume drop by around 20% to 28%, indicating widespread slowdowns in these markets. In contrast, cities like Austin and Denver exhibited more moderate declines of approximately 10% to 12%, suggesting a comparatively steadier real estate market.
Learn more about the metrics in PropMix Market Insights.
