With Affordability: After reportedly reaching their highest level in nearly four years in August, existing-home sales dropped in September thanks to limited inventory and rising home prices, according to the National Association of Realtors (NAR).
Total existing-home sales—measured as completed transactions of single-family homes, townhomes, condos, and co-ops—fell 1.9 percent in September to a seasonally adjusted annual rate of 5.29 million.
Year-over-year, September transactions were up 10.7 percent, marking the 27th straight month of annual improvement.
Meanwhile, the national median existing-home price for all housing types was $199,200, up 11.7 percent—the 10th consecutive month of double-digit year-over-year gains. Watch our video to learn more on today's Market..
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