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US home-sale prices and demand
Monthly brokerage and survey data on US home prices, contracts and inventory as mortgage rates stay above 7%.
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US home prices slip below year-ago levels for the first time since 2023 as supply builds
Redfin said the median sale price fell 0.4% from a year earlier to $388,634 in October, while pending sales dropped 3.6% on the month as mortgage rates averaged 7.33%.
US home sales drop to their lowest pace since August 2010 as mortgage rates top 7.3%
Existing-home sales fell 5.5% in October to a 3.75 million annual rate, the National Association of Realtors said, while inventory rose 4.6% from a year earlier and the median price edged up 0.4%.
Home sales held near 4.1 million for ten months of rising rates, then broke lower in August
Monthly NAR data show existing-home sales stayed between 4.01 and 4.27 million while the mortgage rate rose half a point, then fell to 3.75 million as the monthly average rate reached 7.33%.