2025-01-25 00:30:00 ET
Summary
- Existing home sales rose for the third month in a row to close out 2024.
- Sales were volatile for the first year or so following the Great Recession, with monthly sales as low as 3.45 million units to as high as 5.44 million units.
- The median home price was elevated partly due to the upper-end market's relative better performance.
By Jennifer Nash
Existing home sales rose for the third month in a row to close out 2024. According to the data from the National Association of Realtors (NAR), existing home sales were up 2.2% from November, reaching a seasonally adjusted annual rate of 4.24 million units in December. This figure came in just above the expected 4.19 million. Existing home sales are up 9.3% compared to one year ago....
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Existing Home Sales Up For 3rd Straight Month In December