The U.S. housing market is showing renewed momentum as it enters 2025, following a subdued 2023 and a rebound in 2024. Home prices have risen 6.3% year-over-year, despite ongoing affordability challenges, particularly for first-time buyers. Sales volume has improved, with a 10.8% increase in December 2024 compared to the previous year. The Northeast and California are leading in market activity, while many Southern and Mountain West markets have cooled. South Carolina's median sale price is $369,000, with a composite score of 23.7.
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