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USA: +2.2% existing home sales in December

(CercleFinance.com) - Existing home sales in the U.
S. rose 2.2% in December 2024 from the previous month, to a seasonally adjusted annual rate of 4.24 million, according to the National Federation of Realtors (NAR).

'Consumers clearly understand the long-term benefits of homeownership. Job and wage gains, as well as rising inventories, are having a positive impact on the market', according to Lawrence Yun, chief economist at the NAR.

The median sales price of existing homes rose 6% from December 2023 to $404,400, and the inventory of unsold existing homes stood at 1.15 million, representing 3.3 months of inventory at the current clearance rate.

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