U.S. existing home sales ticked up 0.5% from the previous month to a seasonally adjusted annual rate of 4.13 million, marking the third consecutive monthly
increase, according to the National Association of REALTORS® (NAR). However, sales were down 1.0% from the same period last year. Regionally, sales rose
month-over-month in the Northeast and South, were unchanged in the West, and declined in the Midwest. On a year-over-year basis, sales were flat in the
Northeast and South and fell in both the Midwest and West.
• Single Family Closed Sales were down 7.4 percent to 3,484.
• Townhouse-Condo Closed Sales were down 14.3 percent to 1,120.
• Adult Communities Closed Sales were up 2.5 percent to 458.
• Single Family Median Sales Price increased 1.8 percent to $575,000.
• Townhouse-Condo Median Sales Price decreased 5.1 percent to $408,000.
• Adult Communities Median Sales Price decreased 2.1 percent to $365,000.
The national median existing-home price continued to climb, rising 1.2% from a year ago to $409,200, according to NAR. This year-over-year increase—the 29th
consecutive monthly gain—reflects ongoing tightness in housing supply. At the end of November, there were 1.43 million units for sale, down 5.9% from the
previous month but up 7.5% from the same time last year, representing a 4.2-month supply at the current sales pace.