NAR Existing-Home Sales Report Shows 5.1% Increase in December
National Association of REALTORS® • • business
Key Points:
- Existing-home sales in the U.S. rose 5.1% in December to a seasonally adjusted annual rate of 4.35 million, marking the strongest monthly sales in nearly three years, with increases seen across all regions.
- Year-over-year sales increased 1.4% nationally, driven by gains in the South, while sales remained flat in the Midwest and West and declined in the Northeast.
- Inventory remains tight at 1.18 million units, down 18.1% from November, resulting in a 3.3-month supply of unsold homes, though more listings are expected to emerge starting in February.
- The median existing-home price in December was $405,400, up 0.4% from
