EXISTING HOME SALES SLIDE 1% IN SEPTEMBER, PRICES UP 3% FROM LAST YEAR

[infogram id=”613b5787-52b6-4fb2-8d4e-c1b874ac085a” prefix=”kxP” format=”interactive” title=”EXISTING HOME SALES SCORECARD 10242024″]

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.
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