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At September's sales pace, it would take 4.2 months to exhaust the current inventory of existing homes, up from 3.6 months a year ago. A four-to-seven-month supply is viewed as a healthy balance ...
Existing home sales rose 3.4% last month, from September, to a seasonally adjusted annual rate of 3.96 million, the National Association of Realtors said Thursday. The latest home sales topped the ...
The South saw the largest month-over-month increase, improving 5.2% from October and 8.5% from a year ago. ... As of November, existing home sales were at a seasonally adjusted annual rate of 4.15 ...
At September's sales pace, it would take 4.3 months to exhaust the current inventory of existing homes, the highest since May 2020 and up from 3.4 months a year ago.
September's month-on-month increase was the largest since June 2020's 14.9% gain, while on a year-over-year basis the national sales rate was up 2.6% - the biggest jump since May 2021.
The nationwide median sale price for existing homes in January clocked in at $379,100, up 5.1 percent from last year and the seventh month in a row to record year-over-year increases.