Existing Home Sales During January 2025

Existing Home Sales report for January 2025 was released by The National Association of Realtors® (NAR®) this morning:

======================

Previous Month (revised): 4,290,000

• Actual: 4,080,000

======================

•  Change from Previous Month: -4.9% (-210,000 homes)
  
  
•  Change from A Year Ago: +2.0% (+80,000 homes)

======================

• Inventory: 1,180,000

(+170,000 units [+16.83%] Y-o-Y | 3.5 months supply.)

======================

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.

------------------------------------------------------

• Median Price: $396,900
  
  
• Price Change from A Year Ago: +4.83% (+$18,000)

------------------------------------------------------ 

==========

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

==========

From Today's Report:

"...'Mortgage rates, have refused to budge for several months despite multiple rounds of short-term interest rate cuts by the Federal Reserve,' said NAR Chief Economist Lawrence Yun. 'When combined with elevated home prices, housing affordability remains a major challenge.'

'More housing supply allows strongly qualified buyers to enter the market,' Yun added. 'But for many consumers both increased inventory and lower mortgage rates are necessary for them to purchase a different home or become first-time homeowners.'..."

==================

INFOGRAPHIC: Existing Home Sales
JANUARY 2025 UPDATE (©: NAR®)

==================

==================

• Click here to view the NAR data.

==================

• MORE from the Wall Street Journal.
  

==================

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <