Existing Home Sales Up 7% in September
The National Association of Realtors is reporting that existing home sales were up 7% in September to a seasonally-adjusted annual rate of 6.29 million (down 2.3% from one year ago). Total housing inventory at the end of September was 1.27 million units, down 13% from one year ago. Unsold inventory sits at a 2.4-month supply at the current sales pace with properties remaining on the market for around 17 days. The median existing-home price for all housing types was $ 352,800, up 13.3% from September, 2020.