Home sales in November 2024 across California, Nevada, Oregon, and Washington were 6.3% higher than a year ago, despite an 11.6% drop from October, signaling the typical year-end slowdown. Inventory in surveyed cities rose 25% year-over-year but dipped 4.3% compared to October.
Portland, OR, led regional sales growth with a 26.9% increase over 2023. Seattle, WA, saw a 21.7% rise, while Las Vegas, NV, experienced a 20.6% jump. Median home prices remained strong, up 5.7% from 2023 at $429,000.
“Sellers are more open to concessions, creating opportunities for buyers,” noted RE/MAX President Amy Lessinger. With Millennials driving demand, West Coast markets show promise for 2025.
Seattle also boasted the lowest inventory at 1.1 months, reflecting sustained buyer interest.