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At May's sales pace, it would take 3.7 months to exhaust the current inventory of existing homes, up from 3.1 months a year ago. A four-to-seven-month supply is viewed as a healthy balance between ...
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.
Pending home sales, which tend to lead existing home sales by a month or two, are still struggling to pick up — a theme that may persist this spring. Last year, existing home sales fell to the ...
The inventory of unsold existing homes dropped 1.7% from last month to 1.13 million units at the end of November, or the equivalent of 3.5 months’ supply. Housing experts recommend six months of ...
Contract signings for US existing homes remained unchanged in November from the previous month even as mortgage rates scaled back from 23-year highs.. The index for pending home sales stayed at 71 ...
To make matters worse, the median existing-home sales price rose 4.4% from December 2022 to $382,600, marking the sixth consecutive month of year-over-year price increases.
Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates provided some breathing room for homebuyers. Existing home sales rose 0.8% last month ...
Existing home sales slipped 1.0% last month to a seasonally adjusted annual rate of 3.78 million units, the lowest level since August 2010, the National Association of Realtors said on Friday.