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June 21, 2024 at 11:20 AM. By Lucia Mutikani. WASHINGTON (Reuters) -U.S. existing home sales fell for a third straight month in May as record-high prices and a resurgence in mortgage rates ...
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.
According to the National Association of Realtors, the median sales price of existing homes rose to $419,300 in May of this year — that’s almost 6% higher than they were a year prior.Zillow ...
The average home price was $572,100, up over 6% from a year earlier. Sales in the South rose 4% from December, while the median price in the South was $345,100, up 4% from January 2023. Meanwhile ...
NAR forecasted that existing home sales will increase by 13.5% to 4.71 million units in 2024, from the 4.1 million anticipated by the end of this year.
Sales in the South fell 2.8% from November to an annual rate of 1.72 million in December, down 4.4% from a year ago. The median price in the South was $352,100, a year-over-year increase of 3.8%.
WASHINGTON (Reuters) - U.S. existing home sales fell in December to the lowest level in nearly 13-1/2 years, but a recovery could be in the cards this year as mortgage rates decline and housing ...
New home sales have outperformed existing home sales so far this year. Properties typically remained on the market for 20 days in July, up from 14 days a year ago.