Interest Rate Cuts Fuel November Real Estate Market Increase

In November, the average sale price in the real estate market in LSTAR's jurisdiction was $640,198, reflecting a 5.9% increase compared to the same month last year. This rise in prices highlights the ongoing demand and value in the market. Sales activity also saw a significant boost, with 614 transactions, marking a 35.5% increase year-over-year. New listings saw a significant rise of 10.8% year-to-date, providing more options for buyers.