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Stats at a Glance

March Detached Median Prices (Month over Month) 3.1% INCREASE
March Attached Median Prices (Month over Month) 2.3% INCREASE
March Detached Sold Listings (Month over Month) 13.2% INCREASE
March Attached Sold Listings (Month over Month) 5.4% INCREASE

Local real estate market statistics are updated here monthly.

Flood Relief

NAR Reaches Agreement to Resolve Nationwide Claims

March 15, 2024
Industry News

The National Association of REALTORS® (NAR) today announced an agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. The agreement would resolve claims against NAR, over one million NAR members, all state/territorial and local REALTOR® associations, all association-owned MLSs, and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below.
 

The settlement, which is subject to court approval, makes clear that NAR continues to deny any wrongdoing in connection with the Multiple Listing Service (MLS) cooperative compensation model rule (MLS Model Rule) that was introduced in the 1990s in response to calls from consumer protection advocates for buyer representation. Under the terms of the agreement, NAR would pay $418 million over approximately four years.

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admin March Detached Median Prices (Month over Month) 3.1% INCREASE March Attached Median Prices (Month over Month) 2.3% INCREASE March Detached Sold Listings (Month over Month) 13.2% INCREASE March Attached Sold Listings (Month over Month) 5.4% INCREASE