Existing-Home Sales Rose 3.1% in January
The median existing-home sales price climbed 5.1% from January 2023 to $379,100 – the seventh consecutive month of year-over-year price gains.
- The median existing-home sales price climbed 5.1% from January 2023 to $379,100 – the seventh consecutive month of year-over-year price gains.
- Among the four major U.S. regions, sales accelerated in the Midwest, South and West, and remained steady in the Northeast.
- Distressed sales[5] – foreclosures and short sales – represented 2% of sales in January, virtually unchanged from last month and the previous year.
- Existing-home sales in the South rose 4.0% from December to an annual rate of 1.84 million in January, a decline of 1.6% from the previous year.