Existing US home sales fell in August, price growth slowed

Summary by Ground News

Home sales dropped in August, both from July and from a year ago. But sales are still above the pre-pandemic rate, says NAR chief economist. The median home price in August was $356,700, up 14.9% from last year. In August, 87% of homes sold were on the market for less than a month.

11 months ago·New York, United States

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Yahoo News

Existing home sales fall in August

Existing home sales fell 2% to a seasonally adjusted 5.88 million units in August from a month earlier, according to the National Association of Realtors (NAR). July sales were revised slightly upward to 6 million units.

11 months ago·Los Angeles, United States

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Reuters

U.S. existing home sales fall in August; inventory declines

U.S. home sales fell in August as supply remained tight and prices accelerated further, the latest indication that the loss of the momentum in the housing market persisted through the third quarter.

11 months ago·United Kingdom

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abc News

Existing US home sales fell in August, price growth slows

Sales of previously occupied U.S. homes fell in August and the pace of price growth eased, the latest sign the housing market is cooling as intense competition leave many would-be buyers on the sidelines

11 months ago·United States

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CNN

Home sales have slowed, but prices are still ludicrous

The housing market is beginning to look a little more normal.

11 months ago·Atlanta, United States

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Associated Press News

Existing US home sales fell in August, price growth slowed

Sales of previously occupied U.S. homes fell in August and prices that have been soaring eased, the latest sign the housing market is cooling as intense competition leaves many would-be buyers on the sidelines.

11 months ago·United States

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IBTimes

US Existing Home Sales Fall As Supply Tightens

Sales of US existing homes fell in August for the first time in three months as the ongoing supply shortage and high prices kept buyers away from the market, according to industry data released Wednesday. Sales dropped two percent last month to an annual rate of 5.88 million, seasonally adjusted, the National Association of Realtors (NAR) reported, which was slightly higher than analysts forecast.

11 months ago·United States

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