Existing-Home Sales Advanced 1.3% in July, Ending Four-Month Skid

+4.8%

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In November 2024, existing-home sales rose to a seasonally adjusted rate of 4.15 million, the swiftest pace since March (4.22 million). Sales accelerated 6.1% from one year ago, the largest year-over-year gain since June 2021 (+23%).

According to NAR Chief Economist Lawrence Yun, "Home sales momentum is building. More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%."

• Read the full news release.
• See the summary of November 2024 Existing Home Sales Statisticspdf (PDF: 338 KB)
• View supplemental market datapdf (PDF: 126 KB)

The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

Existing-Home Sales for December 2024 will be released on Friday, January 24, 2024 at 10:00 a.m. Eastern.

Existing Home Sales data are provided by NAR solely for use as a reference. No part of this data may be reproduced, stored in a retrieval system, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without NAR's prior written consent for those who are not members of NAR.

Members of the media who need copies of previous months' existing-home sales news releases can contact the NAR media communications team at 202-383-7515.

Data

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