US Existing Home Sales Hit 3.99 Million in September
Existing home sales in the United States reached 3.99 million units in September. That figure exceeded the estimated 3.95 million. The National Association of Realtors reported the total as a 1.5% increase from the prior month.
August data was adjusted downward to 3.93 million units, revised from the previously reported 3.98 million. The change reflects a 3.2% decline in sales for that month.
Prices kept climbing. The median existing home price rose 1.3% year-over-year to $417,500, a record high for September according to the National Association of Realtors.
Total housing inventory stood at 1.60 million units. That represents a supply of 4.8 months, the highest level since November 2019.