Housing Snapshot: Existing-Home Sales - November 2024

The National Association of REALTORS® (NAR) Housing Snapshot for November 2024 indicates a positive trend in the housing market. Existing-home sales reached a seasonally adjusted annual rate of 4.15 million, reflecting a 4.8% increase from the previous month and a 6.1% rise compared to the same period last year. Inventory stood at 3.8 months, a slight increase from 3.5 months in November 2023. The median sales price of homes was $406,100, marking a 4.7% year-over-year increase.