Will the median price of houses sold in the US drop below $400,000 by Q1 2025?
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This market will resolve based off the FRED indicator 'Median Sales Price of Houses Sold for the United States' for Q3 2024, Q4 2024 and Q1 2025. If it's lower than $400,000 in at least one of the three quarters this market will resolve to YES, otherwise it will resolve to NO. For context, here's the historical data for the past six quarters:
Q1 2023: $429,000
Q2 2023: $418,500
Q3 2023: $435,400
Q4 2023: $423,200
Q1 2024: $426,800
Q2 2024: $412,300
The data for Q1 2025 should be published by FRED around May 1st 2025, I'll extend the market resolution date if the data is delayed.
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