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A pullback in rates last fall helped home sales increase on a monthly basis in the last three months of the year. Home sales in December rose 2.2% from the previous month on a seasonally adjusted ...
(The Center Square) – Sales of existing homes declined to the lowest level annually since 1995 while the median price reached a record high of $407,500 last year. On a monthly basis, sales of ...
Despite the tough conditions for buyers, there was some momentum toward the end of 2024, with existing-home sales rising 2.2% in December from the prior month to a seasonally adjusted annual rate ...
They accounted for just 27% of all homes sold last month. That's up from 26% in September, but down from 28% in October last year. First-time buyers have accounted for 40% of sales historically. Homebuyers who can afford to sidestep mortgage rates and pay all cash for a home accounted for 27% of sales last month, down from 29% a year earlier.
That translates to a 3.8-month supply at the current sales pace, down from a 4.2-month pace at the end of October last year, but up from 3.5-month pace in November last year.
New and existing home sales. New home sales is an economic indicator which records sales of newly constructed residences in the United States of America. The United States Census Bureau publishes new home sales statistics monthly on their website. Statistics are reported as unadjusted monthly rates and seasonally adjusted annual rates.
"Sales rose by 35% from a year ago for homes priced above $1 million, while sales fell for homes priced under $250,000." First-time homebuyers accounted for 31% of home sales in December, up from ...
At September's sales pace, it would take 4.3 months to exhaust the current inventory of existing homes, the highest since May 2020 and up from 3.4 months a year ago. A four-to-seven-month supply ...