Existing-Home Sales Continue to Slide


The National Association of Realtors is reporting that existing-home sales fell 3.4% in September and down 4.1% from one year ago.  According to data, there were 5.15 million completed transactions in September with a median price (for all housing types) of $258,100.  In addition there were 1.88 million existing homes for sale at the end of September with properties typically staying on the market for 32 days.

“There is a clear shift in the market with another month of rising inventory on a year over year basis, though seasonal factors are leading to a third straight month of declining inventory…Homes will take a bit longer to sell compared to the super-heated fast pace seen earlier this year.”  Said Lawrence Yun, the NAR’s chief economist.

Click here to read the full release at the National Association of Realtors.


About Author

Director of Education & Outreach, National Real Estate Investors Association

Comments are closed.