The median price of an existing home sold in October has increased 3.4% from October 2022.

The national median price of an existing home sold in October was $391,800, an increase of 3.4% from a year ago ($378,800). Prices rose in all regions of the country.

These annual price increases have been getting larger for four straight months.

Roughly 28% of homes sold above list price.

Source: CNBC

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This Mediterranean-style home has 5 bed/5.5 bath and 4,273 sq. ft. of living space.

The 2-story home features an open layout, high ceilings, a gourmet kitchen, a pool, and a spa.

Asking price: $4,500,000

Selling price: $2,000,000