The median existing-home sales price, meanwhile, soared 13.9 percent year over year in November as inventory plunged 13.3 percent, according to data released Wednesday by the National Association of Realtors.
Source: Inman News
Fueled by climbing mortgage rates, existing-home sales rise again
Published in Analysis, Data, existing-home sales, first-time homebuyers, George Ratiu, inventory, Markets & Economy, median prices, mortgage rates, NAR chief economist Lawrence Yun, National Association of Realtors (NAR), realtor.com, second homebuyers, Select and supply chain
More from AnalysisMore posts in Analysis »
- The inventory surge is sputtering. See how your market stacks up
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Heard of a K-shaped economy? You’re living in it now
- Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
- New client leads, murky waters: October’s mixed bag for real estate
More from DataMore posts in Data »
- The inventory surge is sputtering. See how your market stacks up
- New client leads, murky waters: October’s mixed bag for real estate
- What Zillow’s marketing genius can teach you about social media
- Median monthly housing payments see sharpest drop in almost 1 year
- Existing-home sales gain momentum in September amid falling mortgage rates
More from existing-home salesMore posts in existing-home sales »
- 8M reasons to focus: A data-driven Q4 reality check for real estate
- More homes sold. Lower rates. Lower inflation. Where Fannie Mae expects the market to move
- Existing-home sales gain momentum in September amid falling mortgage rates
- Discounts, lower mortgage rates give homebuyers deals this fall
- Is fall the new spring? Market winds may be shifting, NAR says
More from first-time homebuyersMore posts in first-time homebuyers »
- Stop freaking out about 50-year mortgages. They might save the housing market
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Share of first-time homebuyers falls to lowest point ever
- Fannie and Freddie build net worths for planned Q2 2026 public offering
- Existing-home sales gain momentum in September amid falling mortgage rates
More from George RatiuMore posts in George Ratiu »
- A ‘herky jerky’ start to the spring buyer season isn’t deterring agents
- 2024 Spring Outlook: Another tight market, this time with extra anxiety
- Home prices ticked up in April as market faced a mixed bag
- How did we get here? How to talk about the economy with clients
- The tug-of-war between millennials and boomers heats up this spring
More from inventoryMore posts in inventory »
- Price cuts and concessions: Here’s how to prepare homeowners for the reality of selling a home today
- 10 compelling reasons that your buyers should purchase now
- Pending home sales remain stuck in the mud in September
- ‘Signs of deceleration’ bedevil US home prices
- All signs point to ‘Goldilocks’ conditions for year-end home sales
More from Markets & EconomyMore posts in Markets & Economy »
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- How to help senior real estate clients right-size with confidence
- Welcome to the Senior Class: Downsizing with a home equity conversion mortgage
- Why independent brokerages matter more than ever amid real estate consolidation
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
More from median pricesMore posts in median prices »
More from mortgage ratesMore posts in mortgage rates »
- Homebuying off to strongest November start since 2022
- Veterans have been ‘priced out,’ left behind by the housing market
- Housing recession? K-shaped trends? The dollars and ‘sense’ of today’s economy
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Demand for mortgages cools as rates rebound from 2025 low
More from NAR chief economist Lawrence YunMore posts in NAR chief economist Lawrence Yun »
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Pending home sales remain stuck in the mud in September
- Existing-home sales gain momentum in September amid falling mortgage rates
- Pending home sales jumped 4% in August in positive market signal
- Is fall the new spring? Market winds may be shifting, NAR says
More from National Association of Realtors (NAR)More posts in National Association of Realtors (NAR) »
- NAR scores a victory in buyer commission lawsuit
- American Real Estate Association hires Mary-Frances Coleman as inaugural executive director
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
- Pending home sales remain stuck in the mud in September
More from realtor.comMore posts in realtor.com »
- Inman is celebrating 30 years of community, and you’re invited
- Stop freaking out about 50-year mortgages. They might save the housing market
- The inventory surge is sputtering. See how your market stacks up
- Realtor.com puts ‘spotlight’ on listing agents with new feature
- Price cuts and concessions: Here’s how to prepare homeowners for the reality of selling a home today
More from second homebuyersMore posts in second homebuyers »
More from SelectMore posts in Select »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- NAR scores a victory in buyer commission lawsuit
- Where else is Zillow not enforcing its private listing ban?
More from supply chainMore posts in supply chain »
- Homebuilders cry ‘uncle’ as duties on Canadian lumber hit 27%
- Could tariffs hammer the potential upside of pre-sale renovations?
- Pressure on mortgage rates eases as Trump pauses higher tariffs
- Homebuilders anxiously await details on Canada, Mexico tariffs
- How union strikes like the Writers Guild of America impact real estate
Be First to Comment