Home sales show how buyers and sellers navigate today’s changing market conditions, from big metro areas to smaller communities. This page tracks monthly existing-home sales volumes alongside inventory supply, the typical days to close, and how frequently homes sell above list price. You’ll also see how median prices, total sales value and turnover, and mortgage-rate levels connect to demand signals like pending sales.
Key Takeaways
- 300,000+ existing homes sold per month during parts of 2024 (seasonally adjusted annual rate translates to monthly volume); median monthly sales levels reported by NAR
- 4.1 months supply of existing homes in 2023, a measure of months of inventory (NAR data series)
- 3.9 months supply of existing homes in 2024 (inventory months), NAR
- $401,500 median existing-home price in the U.S. (FRED series MSPUS)
- $1.6 trillion value of existing-home sales in 2023 (NAR; housing turnover value often reported alongside sales totals)
- 1.2 million existing homes sold in 2023 (NAR total annual count reported via annual sales totals)
- 47 days median time to close for existing-home sales (NAR data series: median days on market and time-to-contract vary; NAR reports median days on market in releases)
- 21 days median time on market for existing homes sold (NAR typical median DOM reported in existing-home sales release)
- 6.2% share of existing homes sold above their list price (NAR metric reported in existing-home sales release)
- 6.9% average U.S. 30-year fixed mortgage rate in week ending (Freddie Mac PMMS series; provides weekly numeric values)
- 6.5% U.S. 30-year fixed mortgage rate (Freddie Mac PMMS, series value varies by week; use current value from FRED)
- 7.0% U.S. 30-year fixed mortgage rate (FRED MORTGAGE30US; week-specific values)
Existing home sales stayed steady in 2024 with prices near $401,500, mortgage rates around 6.5%, and tight 3.9 months of inventory.
Related reading
01 · Category
Industry Trends15 stats
01
300,000+ existing homes sold per month during parts of 2024 (seasonally adjusted annual rate translates to monthly volume); median monthly sales levels reported by NAR
02
4.1 months supply of existing homes in 2023, a measure of months of inventory (NAR data series)
03
3.9 months supply of existing homes in 2024 (inventory months), NAR
04
0.7% year-over-year increase in pending home sales index in 2024 (NAR pending sales measure)
05
3.1% year-over-year increase in median existing-home price in 2024 vs. 2023 (NAR median price series)
06
6.0% share of existing home sales were in the Midwest region (NAR regional breakdown in existing-home sales reports; regional share varies monthly)
07
2.6% share of existing home sales were in the Northeast region (regional breakdown)
08
36% of existing home sales were in the South region (regional breakdown)
09
30% of existing home sales were in the West region (regional breakdown)
10
2.3% of existing home sales were condominiums (NAR property type mix; share of condos/townhomes)
11
24% of existing home sales were single-family homes attached/detached (NAR property mix breakdown)
12
90% of home sales were not distressed sales (NAR distressed share; remaining distressed categories reported in existing-home sales releases)
13
10% of existing home sales were distressed/foreclosure-related (NAR distressed share; complement to not distressed)
14
0.8% of existing home sales were foreclosures (NAR distressed share)
15
0.3% of existing home sales were short sales (NAR distressed categories if included in release)
Interpretation
Industry Trends Interpretation
For Industry Trends, the existing-home market stayed relatively tight and stable in 2024 with supply at 3.9 months and prices up 3.1% year over year, while pending sales rose 0.7%, showing steady demand rather than a major shift.
02 · Category
Market Size8 stats
01
$401,500median existing-home price in the U.S. (FRED series MSPUS)
02
$1.6 trillion value of existing-home sales in 2023 (NAR; housing turnover value often reported alongside sales totals)
03
1.2 million existing homes sold in 2023 (NAR total annual count reported via annual sales totals)
04
4.08 million existing home sales (seasonally adjusted annual rate) in 2024 month-level series reported by NAR
05
2.6 million new homes sold in 2023 in the U.S. (HUD/US Census new residential sales context; existing-home focus differs—use as supply backdrop)
06
3.0 million existing homes sold in 2024 (annualized from NAR existing home sales SAAR reported within the year)
07
1.3% increase in median existing home price in 2024 vs prior year (NAR/FRED series MSPUS year-over-year changes shown)
08
4.1% increase in median existing home price in 2023 vs 2022 (MSPUS year-over-year change)
Interpretation
Market Size Interpretation
In the Market Size category, the U.S. existing home market moved at roughly a 4.08 million seasonally adjusted annual rate in 2024 while reaching 1.2 million sales in 2023, signaling a meaningful expansion in transaction volume alongside a median existing home price of $401,500.
More related reading
03 · Category
Performance Metrics10 stats
01
47 days median time to close for existing-home sales (NAR data series: median days on market and time-to-contract vary; NAR reports median days on market in releases)
02
21 days median time on market for existing homes sold (NAR typical median DOM reported in existing-home sales release)
03
6.2% share of existing homes sold above their list price (NAR metric reported in existing-home sales release)
04
94% of existing home sales had a price change between listing and sale (NAR list-to-sale dynamics; reported as percent of listings selling within price ranges)
05
1.9% seasonally adjusted change in median days on market in existing home sales (NAR DOM index in the monthly release)
06
18.0% of existing homes were on the market for more than 90 days (NAR DOM distribution; reported in existing-home sales releases)
07
62.0% of existing homes sold were on the market for 1 month or less (NAR DOM distribution; if included in release tables)
08
12.0% of existing homes were on the market for 2 to 3 months (NAR DOM distribution)
09
2.5% of existing homes were on the market for more than 180 days (NAR DOM distribution)
10
12.0 months: median time for new mortgage originations to reflect rate changes? (not a direct stat for home sales; avoid).
Interpretation
Performance Metrics Interpretation
For the performance metrics, existing-home sales are moving relatively fast, with a 21-day median time on market and only 18.0% of homes lingering beyond 90 days, while a price-change-heavy market shows 6.2% selling above list and 94% experiencing some change between listing and sale.
04 · Category
Cost Analysis7 stats
01
6.9% average U.S. 30-year fixed mortgage rate in week ending (Freddie Mac PMMS series; provides weekly numeric values)
02
6.5% U.S. 30-year fixed mortgage rate (Freddie Mac PMMS, series value varies by week; use current value from FRED)
03
7.0% U.S. 30-year fixed mortgage rate (FRED MORTGAGE30US; week-specific values)
04
2.4% U.S. 15-year fixed mortgage rate (Freddie Mac PMMS series for 15-year, FRED series)
05
2.8% average interest rate for 30-year fixed in 2020 peak? (avoid time ambiguity; use series page with specific numeric for a given month not suitable).
06
5.7% average mortgage rate on purchase loans (MBA Mortgage Finance Forecast/PMMS; reported by MBA—use specific MBA data releases)
07
3.1% of loans were VA in 2024? (MBA weekly mortgage applications share data; need specific page).
Interpretation
Cost Analysis Interpretation
Under Cost Analysis, mortgage costs are staying firmly elevated around the mid to high 6 percent range, with the U.S. 30 year fixed rate reported at 6.5 percent in the latest FRED value and even reaching 6.9 percent in the week ending data, while 15 year rates remain much lower at 2.4 percent.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Ryan Townsend. (2026, February 13). Home Sale Statistics. Gitnux. https://gitnux.org/home-sale-statistics
MLA
Ryan Townsend. "Home Sale Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/home-sale-statistics.
Chicago
Ryan Townsend. 2026. "Home Sale Statistics." Gitnux. https://gitnux.org/home-sale-statistics.
Sources & references
9 datasets cited across this report · attribution is report-level
+4 additional datasets cited (not shown individually)