July 2024
Quick Facts - 5.9 % + 6.5
Monthly Indicators
July 2024
U . S . existing home sales fell 5.4 % month-over-month and 5.4 % year-over-year to a seasonally adjusted annual rate of 3.89 million units , with monthly sales down in all four regions , according to the National Association of REALTORS ® ( NAR ). Higher mortgage rates , along with rising sales prices , have kept many prospective buyers on the sidelines , despite more home choices and less competition for those homes .
New Listings were up 5.5 percent to 576 . Pending Sales increased 0.4 percent to 482 . Inventory grew 41.1 percent to 1,584 units .
Prices moved higher as Median Sales Price was up 6.5 percent to $ 540,000 . Days on Market increased 36.6 percent to 56 days . Months Supply of Inventory was up 44.0 percent to 3.6 months .
Home prices have maintained their upward trend across much of the country , even as sales slow and inventory improves . According to NAR , the national median existing-home sales price climbed 4.1 % year-over-year to $ 426,900 as of last measure , an all-time high . Meanwhile , total housing inventory increased 3.1 % monthover-month to 1.32 million units heading into July , the highest level since 2020 , for a 4.1-month supply at the current sales pace .
Quick Facts - 5.9 % + 6.5
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 Cumulative Days on Market Un 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 August 10 , 2024 . Data © 2024 REsides , INC . All Rights Reserved . | Sponsored by South Caro