Data & Statistics
U.S. existing home sales fell 5.4% month-over-month and 5.4% year-over-year to a seasonally adjusted annual rate of 3.89 million units, with monthly sales down in all four regions, according to the National Association of REALTORS® (NAR). Higher mortgage rates, along with rising sales prices, have kept many prospective buyers on the sidelines, despite more home choices and less competition for those homes.
- Single Family Closed Sales were up 8.6 percent to 1,917.
- Townhouse-Condo Closed Sales were up 1.0 percent to 422.
- Adult Communities Closed Sales were up 3.9 percent to 53.
U.S. existing-home sales declined for the third consecutive month, as higher mortgage rates and rising sales prices hindered market activity during what has traditionally been one of the busiest months of the year. According to the National Association of REALTORS® (NAR), sales of previously owned homes dipped 0.7% month-over-month and 2.8% year-over-year, to a seasonally adjusted annual rate of 4.11 million units.
- Single Family Closed Sales were down 10.4 percent to 1,810.
- Townhouse-Condo Closed Sales were down 6.4 percent to 479.
- Adult Communities Closed Sales were down 6.4 percent to 44.
U.S. existing-home sales fell for the second month in a row, sliding 1.9% monthover-month and 1.9% year-over-year, according to the National Association of REALTORS® (NAR), with sales down in all four regions of the country. Higher borrowing costs and accelerating home prices continue to weigh on demand, pushing some prospective buyers to the sidelines and causing market activity to slump ahead of summer.
- Single Family Closed Sales were up 1.2 percent to 1,554.
- Townhouse-Condo Closed Sales were up 9.2 percent to 428.
- Adult Communities Closed Sales were up 25.9 percent to 68.
U.S. existing-home sales recently fell from a one-year high, dropping 4.3% month- over-month to a seasonally adjusted annual rate of 4.19 million, according to the National Association of REALTORS® (NAR), as higher interest rates and rising sales prices continue to keep some prospective buyers on the sidelines. Average 30-year mortgage rates have topped 7% in recent weeks, while the median existing-home sales price hit $393,500 as of last measure, a 4.8% increase from the previous month, according to NAR.
- Single Family Closed Sales were up 6.7 percent to 1,331.
- Townhouse-Condo Closed Sales were up 14.2 percent to 362.
- Adult Communities Closed Sales remained flat at 47.
