-2.5%
In August 2024, existing-home sales fell in the South, West, and Northeast, while the Midwest registered no change. Year-over-year, sales slipped in three regions but remained stable in the Northeast.
According to NAR Chief Economist Lawrence Yun, the recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months.
The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.
Existing-Home Sales for September 2024 will be released on Wednesday, October 23, 2024 at 10:00 a.m. Eastern.
Existing Home Sales data are provided by NAR solely for use as a reference. No part of this data may be reproduced, stored in a retrieval system, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without NAR's prior written consent for those who are not members of NAR.
Members of the media who need copies of previous months' existing-home sales news releases can contact the NAR media communications team at 202-383-7515.
Citation guidelines for NAR research and statistics
Existing-Home Sales for September 2024 will be released on Wednesday, October 23, 2024 at 10:00 a.m. Eastern.
NAR Media Communications issues a news release close to mid-month with the latest existing-home sales figures. The releases include analysis and quotes by NAR's Chief Economist Lawrence Yun regarding the sales volume, prices, inventory and interest rates.
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