EXISTING HOME SALES SLIDE 1% IN SEPTEMBER, PRICES UP 3% FROM LAST YEAR
Key Points:
Existing-home sales fell 1.0% in September from August to a seasonally adjusted annual rate of 3.84 million.
Existing-home sales fell 3.5% from one year ago.
At $404,500, the median existing-home sales price for September was the 15th consecutive month of year-over-year price increases.
First-time buyers were responsible for 26% of sales in September, matching the all-time low from August 2024 and November 2021.
Home sales have been essentially stuck at around a four-million-unit pace for the past 12 months, but factors usually associated with higher home sales are developing,” said NAR Chief Economist Lawrence Yun.
The Right Facts will continue to monitor home sales.