News & Feeds January 22, 2023

US Existing Home Sales Decline for the Eleventh Straight Month

The National Association of Realtors (NAR) reports Existing-Home Sales Receded 1.5% in December • Existing-home sales faded for the eleventh straight month to a seasonally adjusted annual rate of 4.02 million. Sales waned 1.5% from November and 34.0% from one year ago. • The median existing-home price for all housing types in December was $366,900, an increase of 2.3% from December 2021 ($358,800), as prices rose in all regions. This marks 130 consecutive months of year-over-year increases, the longest-running streak on record. • Existing-home sales totaled 5.03 million in 2022, down 17.8% from 2021, as last