Home Sales Rose in October as Investors Rushed into the Market

• Sales of previously owned homes in October rose 0.8% to a seasonally adjusted annualized rate of 6.34 million units, according to the National Association of Realtors.
• The median price of an existing home was $353,900. That is 13.1% higher compared with October 2020.
• There were 1.25 million homes available for sale at the end of October, which is 12% lower compared with a year ago. 

NAR is the NATIONAL ASSOCIATION OF REALTORS®. The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

For local statistics stay tuned for weekly market updates for Dallas and Collin Counties.

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Copyright ©2021 “October Existing Home Sales.” NATIONAL ASSOCIATION OF REALTORS®. All rights reserved. Reprinted with permission. November 21, 2021, https://www.nar.realtor/newsroom/existing-home-sales-inch-up-0-8-in-october