September 2024
Quick Facts - 16.7 % + 4.8
Monthly Indicators
September 2024
U . S . existing-home sales slid 2.5 % month-over-month and 4.2 % year-over-year to a seasonally adjusted annual rate of 3.86 million units , according to the National Association of REALTORS ® ( NAR ). Meanwhile , home prices have continued to reach record heights nationwide , with NAR reporting a median sales price of $ 416,700 as of last measure , a 3.1 % increase from the same time last year and a new high for the month .
New Listings were up 1.4 percent to 514 . Pending Sales decreased 2.7 percent to 367 . Inventory grew 33.7 percent to 1,683 units .
Prices moved higher as Median Sales Price was up 4.8 percent to $ 545,000 . Days on Market increased 14.4 percent to 167 days . Months Supply of Inventory was up 37.9 percent to 4.0 months .
Amid slower home sales , inventory has continued to grow across the country . According to NAR , there were 1.35 million units for sale heading into September , a 0.7 % increase from the previous month and a 22.7 % jump from the same time last year . And while monthly existing-home sales were lower than expected this period , NAR Chief Economist Lawrence Yun believes that the rise in inventory , along with lower mortgage rates , should help sales improve in the months ahead .
Quick Facts - 16.7 % + 4.8
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 October 10 , 2024 . Data © 2024 REsides , INC . All Rights Reserved . | Sponsored by South Caro