Existing Home Sales During November 2024

Existing Home Sales report for November 2024 was released by The National Association of Realtors® (NAR®) this morning:

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Previous Month: 3,960,000

• Actual: 4,150,000

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•  Change from Previous Month: +4.8% (+190,000 homes)
  
  
•  Change from A Year Ago: +6.14% (+240,000 homes)

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Inventory: 1,330,000 (3.8 months supply.)

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The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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• Median Price: $406,100
  
  
• Price Change from A Year Ago: +4.72% (+$18,300)

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• Click here for historical prices and a chart.
  
  
• Click here for New Home Sales Data.

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From Today's Report:

"...'Home sales momentum is building,' said NAR Chief Economist Lawrence Yun. 'More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%.'

'Existing homeowners are capitalizing on the collective $15 trillion rise in housing equity over the past four years to look for homes better suited to their changing life circumstances,' Yun added...."

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INFOGRAPHIC: Existing Home Sales
NOVEMBER 2024 UPDATE

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• Click here to view the NAR data.

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