NAR: Northeast Existing-Home Sales Flat in October
Year-over-year sales rose in the Northeast, Midwest and South, and decreased in the West.
Existing home sales fell year over year all over the United States, down 14.6% to a seasonally adjusted rate of 3.79 million completed transactions that include single-family homes, townhomes, condominiums and co-ops.
Among the major U.S. regions, the South saw the largest share of single-family existing-home sales (46%) in the third quarter, with year-over-year price appreciation of 1.7%. Prices also grew 5.3% in the Northeast, 5.2% in the Midwest and 0.6% in the West.
WASHINGTON—Pending home sales rose 1.1% in September, according to the National Association of Realtors. The Northeast, Midwest and
National Association of REALTORS® Chief Economist Lawrence Yun believes that better times are ahead for the real estate market in 2024.
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