Existing Home Sales Up 0.8% in October

The National Association of Realtors is reporting that existing home sales were up 0.8% in October to a seasonally-adjusted annual rate of 6.34 million (down 5.8% from one year ago). Total housing inventory at the end of October was 1.25 million units, down 12% from one year ago. Unsold inventory sits at a 2.4-month supply at the current sales pace with properties remaining on the market for around 18 days. The median existing-home price for all housing types was $353,900, up 13.1% from October, 2020. Continue reading HERE...