Existing Home Sales and Median Price Continue to Drop
Posted by David Leonard on Monday, December 5, 2022 at 8:51:16 PM
By David Leonard / December 5, 2022
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Having ticked down in September, the seasonally adjusted pace of existing-home sales across the U.S. dropped 5.9 percent last month to an annual rate of 4.43 million sales, which was 28.4 percent lower than at the same time last year; well below the pre-pandemic pace of sales; and the fifteenth straight month with a year-over-year decline, according to data from the National Association of Realtors (NAR).
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