+2.2%

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In December 2024, existing-home sales rose to a seasonally adjusted rate of 4.24 million, the strongest pace since February (4.38 million). Sales grew 9.3% from one year ago, the largest year-over-year gain since June 2021 (+23.0%).

According to NAR Chief Economist Lawrence Yun, “Home sales in the final months of the year showed solid recovery despite elevated mortgage rates. Home sales during the winter are typically softer than the spring and summer, but momentum is rising with sales climbing year-over-year for three straight months. Consumers clearly understand the long-term benefits of homeownership. Job and wage gains, along with increased inventory, are positively impacting the market."

The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

Existing-Home Sales for December 2024 will be released on Friday, January 24, 2024 at 10:00 a.m. Eastern.

Existing Home Sales data are provided by NAR solely for use as a reference. No part of this data may be reproduced, stored in a retrieval system, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without NAR's prior written consent for those who are not members of NAR.

Members of the media who need copies of previous months' existing-home sales news releases can contact the NAR media communications team at 202-383-7515.

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Existing-Home Sales for January 2025 will be released on Friday, February 21, 2025 at 10:00 a.m. Eastern.

NAR Media Communications issues a news release close to mid-month with the latest existing-home sales figures. The releases include analysis and quotes by NAR's Chief Economist Lawrence Yun regarding the sales volume, prices, inventory and interest rates.

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