Market Updates
Existing Home Sales Advanced for the First Time In Five Months
Brian Turner
22 Aug, 2024
Washington, D.C.
Seasonally adjusted existing home sales increased 1.3% from the previous month in July to an annual rate of 3.95 million units, the National Association of Realtors said Thursday.
Home sales increased for the first time in five months but declined 2.5% from a year ago.
The supply of available homes edged higher in July with more sellers emerging.
Homes available for sale at the end of July increased by 0.8% from June to 1.33 million and increased 19.8% from a year ago, or the equivalent of 4.0 months' supply at the current monthly sales pace.
"Despite the modest gain, home sales are still sluggish," said NAR Chief Economist Lawrence Yun. "But consumers are definitely seeing more choices, and affordability is improving due to lower interest rates."
Home prices continued to move higher; even when more homes were listed for sale, the median sale price increased 4.2% to $422,600, an annual increase in price for the 13th consecutive month.
Sales in the Northeast increased the most by 4.3% and were flat in the Midwest; they rose 1.4% in the West and 1.1% in the South.
Median price increased the most in the Northeast, rising 8.3% to $505,100, in the West by 3.4% to $629,500, in the South by 2.3% to $372,500, and in the Midwest by 4.5% to $321,500.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|