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Previous Month: 3,960,000
- Actual: 4,150,000
- Change from Previous Month: +4.8% (+190,000 homes)
- Change from A Year Ago: +6.14% (+240,000 homes)
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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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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NOVEMBER 2024 UPDATE
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