Existing Home Sales Rose Slightly in November

  • December 20th 2023

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

Existing home sales rose ever so slightly in November after a several month slide. 

Sales rose about 1% month-over-month in the U.S. in November, according to data released this week by the National Association of Realtors (NAR). It was the first monthly gain in five months.

“The latest weakness in existing home sales still reflects the buyer bidding process in most of October when mortgage rates were at a two-decade high before the actual closings in November,” said NAR Chief Economist Lawrence Yun. “A marked turn can be expected as mortgage rates have plunged in recent weeks.”

This article originally published at https://dc.urbanturf.com/articles/blog/existing_home_sales_rose_slightly_in_november/21807.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!