+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."