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Existing Home Sales Rise in October

Mortgage News > Existing Home Sales Rise in October
Date: 11/25/2019    Existing Home Sales Rise in October

Sales of existing U.S. homes grew by 1.9% in October, according to data from the National Association of Realtors, rising to a seasonally-adjusted annual rate of 5.46 million. Compared with last year, sales are up 4.6%. By region, sales increases in the Midwest and South outpaced decreases in the Northeast and West. The median sales price for existing home jumped 6.2% in October from the previous year to $270,900. Total inventory of available homes fell to a 3.9-month supply, down from 4.1 months in September.

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