US EditionNovember US homes sales rose from the previous month, but down from 2024 as prices climb
Sales of previously owned U.S. homes rose 0.5% in November to an annual rate of 4.13 million, but inventory remains tight at a 4.2-month supply, NAR reported.
- On Friday, NAR reported existing-home sales rose 0.5% last month to an annualized rate of 4.13 million but were 1% lower than November 2024 in the United States.
- In recent weeks, mortgage rates have mostly remained close to their October low, helping prompt activity as there were 1.43 million homes for sale at month-end, down 5.2% from October, translating to a 4.2-month supply.
- Despite sluggish sales, the national median sales price climbed to $409,200 last month, up 1.2% from November 2024, with homes over $1 million up 1.4%.
- Affordability pressures left many potential buyers sidelined, with first-time homebuyers at 30% of sales and homes on market at 36 days as sellers who delisted properties increased this year.
- Through the first 11 months of this year, home sales are down 0.5% and remain stuck near a 4-million annual pace, well short of the 5.2-million historical annual pace.
50 Articles
50 Articles
Existing-Home Sales Tick Up 0.5 Percent in November as Inventory Growth Stalls
Existing home sales across the country inched up by 0.5 percent in November, while the median price for all housing types continued to rise by 1.2 percent, to $409,200—the 29th consecutive month of year-over-year price increases, according to the National Association of Realtors (NAR). The Dec. 19 report also indicated that month-over-month home sales grew in both the Northeast and South, fell in the Midwest and remained unchanged in the West. W…
The National Association of Real Estate Agents (NAR) reported that the sale of second-hand homes rose again in November, driven by the decline in mortgage rates.Read more]]>
Associated Press News
November US homes sales rose from the previous month, but down from 2024 as prices climb
Sales of previously occupied U.S. homes rose in November from the previous month, but slowed compared to a year earlier for the first time since May despite average long-term mortgage rates holding near their low point for the year.
Coverage Details
Bias Distribution
- 61% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
