Existing homes sold at a rate exceeding 300,000 per month during parts of 2024. Inventory stayed tight at 3.9 months of supply. Median prices rose 3.1% while pending sales increased 0.7% year over year.
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 with about 4 months of inventory, while prices rose around 3 percent in 2024.
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
Even with only a 0.7% year-over-year rise in pending home sales in 2024, existing-home prices climbed 3.1% and the market stayed tight at just 3.9 months of supply, while most sales were concentrated in the South and West.
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
With 1.3% growth in the median existing home price in 2024 and total existing-home sales of about 3.0 million homes that year, the market shows a modest price increase alongside a still-strong level of turnover after 1.2 million sales in 2023.
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
With existing homes selling after a median 47 days and 62% spending a month or less on the market, the biggest story is how quickly most listings move even as 6.2% sell above list price and 18% linger more than 90 days.
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
With the 30-year fixed rate hovering around 6.5% to 7.0% and the 15-year rate at about 2.4% to 2.8%, housing finance appears to be dominated by high long-term borrowing costs, even as purchase loan rates are reported near 5.7% and VA loans make up only 3.1% of 2024 originations.
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)