November 2024
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Monthly Indicators
November 2024
U . S . existing-home sales rose 3.4 % month-over-month and 2.9 % year-over-year to a seasonally adjusted annual rate of 3.96 million units , exceeding economists ’ expectations for the month and marking the first annual gain since July 2021 , according to the National Association of REALTORS ® ( NAR ). Lower mortgage rates in late summer and early fall helped sales increase across all four regions .
New Listings were up 3.8 percent to 463 . Pending Sales increased 6.4 percent to 368 . Inventory grew 25.7 percent to 1,729 units .
Prices moved lower as Median Sales Price was down 1.0 percent to $ 544,500 . Days on Market decreased 7.2 percent to 142 days . Months Supply of Inventory was up 25.0 percent to 4.0 months .
The number of homes for sale continues to improve nationwide , climbing 0.7 % month-over-month and 19.1 % year-over-year to 1.37 million units heading into November , for a 4.2-month supply at the current sales pace , according to NAR . Despite a wider selection of properties on the market , sales prices have remained strong at the national level , with a median existing-home price of $ 407,200 as of last measure , a 4 % increase from the same time last year .
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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 December 10 , 2024 . Data © 2024 REsides , INC . All Rights Reserved . | Sponsored by South Caro