Data & Statistics
U.S. existing-home sales improved for the second month in a row, jumping 9.5% to a seasonally adjusted annual rate of 4.38 million units, exceeding economists’ expectations and marking the largest monthly gain in a year, according to the National Association of REALTORS®(NAR). The rebound in home sales comes amid fluctuating mortgage rates and elevated sales prices, indicating there is plenty of buyer demand heading into the spring selling season.
- Single Family Closed Sales were down 18.8 percent to 1,107.
- Townhouse-Condo Closed Sales were down 17.3 percent to 307.
- Adult Communities Closed Sales were down 6.0 percent to 47.
U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). Falling interest rates late last year, coupled with a recent uptick in inventory, helped existing-home sales to climb following last month’s decline, with monthly gains reported in the Midwest, South, and West regions.
- Single Family Closed Sales were down 0.6 percent to 973.
- Townhouse-Condo Closed Sales were down 11.8 percent to 247.
- Adult Communities Closed Sales were down 43.8 percent to 27.
U.S. existing-home sales slipped 1.0% month-over-month and were down 6.2% year-over-year as of last measure, while pending sales jumped 8.3% from the previous month, marking the largest gain since June 2020, according to the National Association of REALTORS® (NAR). Mortgage rates have dropped significantly from their peak last fall, and homebuyers are beginning to come out of the woodwork, with NAR forecasting a 13% increase in existing-home sales this year compared to 2023.
- Single Family Closed Sales were down 11.3 percent to 1,038.
- Townhouse-Condo Closed Sales were up 4.8 percent to 284.
- Adult Communities Closed Sales were up 11.8 percent to 38.
U.S. existing-home sales rose from a 13-year low, climbing 0.8% from the previous month and breaking a five-month streak in which sales declined, according to the National Association of REALTORS® (NAR). Despite the increase, sales were down 7.3% compared to the same period last year, as affordability challenges continue to hinder prospective buyers. Most of this period’s closed sales went under contract in October, when mortgage rates were at a two-decade high. With rates having dropped more than a full percentage point since then, existing-home sales may continue to pick up in the months ahead.
- Single Family Closed Sales were down 12.7 percent to 1,456.
- Townhouse-Condo Closed Sales were down 14.7 percent to 342.
- Adult Communities Closed Sales were down 7.7 percent to 36.