August 2024
Quick Facts - 6.8 % + 7.0
Monthly Indicators
August 2024
U . S . existing-home sales increased for the first time in 5 months , as lower mortgage rates and rising supply helped boost market activity . According to the National Association of REALTORS ® ( NAR ), sales of previously owned homes rose 1.3 % month-over-month to a seasonally adjusted annual rate of 3.95 million units , exceeding economists ’ expectations and ending the downward trend of recent months .
New Listings were down 17.2 percent to 512 . Pending Sales decreased 16.2 percent to 382 . Inventory grew 34.6 percent to 1,615 units .
Prices moved higher as Median Sales Price was up 7.0 percent to $ 545,611 . Days on Market increased 3.4 percent to 153 days . Months Supply of Inventory was up 40.7 percent to 3.8 months .
Nationally , total housing inventory edged up 0.8 % from the previous month to 1.33 million units heading into August , for a 4.0-month supply at the current sales pace , NAR data shows . Although inventory is up nearly 20 % compared to the same time last year , demand continues to outpace supply , putting upward pressure on sales prices . According to NAR , the nationwide median existing-home price rose 4.2 % year-over-year to $ 422,600 at last measure , marking the 13th consecutive month of annual price increases .
Quick Facts - 6.8 % + 7.0
One-Year Change in Closed Sales
One-Year Cha Median Sales
A research tool provided by the Hilton Hea Percent changes are calculated using roun
Market Overview New Listings Pending Sales Closed Sales Days on Market Until Sale Median Sales Price Average Sales Price Percent of List Price Received Housing Affordability Index Inventory of Homes for Sale Months Supply of Inventory
Current as of September 10 , 2024 . Data © 2024 REsides , INC . All Rights Reserved . | Sponsored by South Caro