Existing-Home Sales Hits Lowest Level in 13 Years

BY  ON NOVEMBER 27, 2023

The National Association of Realtors is reporting that existing home sales were down 4.1% in October to a seasonally-adjusted annual rate of 3.79 million (down 14.6% year over year). Click here to read more.

Total housing inventory at the end of October was 1.15 million units, up 1.8% from September but down 5.7% from one year ago.  Unsold inventory sits at a 3.6-month supply at the current sales rate with properties remaining on the market for around 23 days.  The median existing-home price for all housing types in July was $391,800, up 3.4% from one year ago.

Click here to read the full report at the National Association of Realtors.

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  • Hamza Ashfaq
    published this page in Updates 2023-12-19 08:52:27 -0700