14 Jan Existing home sales end 2025 with a strong beat, as prices ease further – CNBC
Key Points
- There were 1.18 million units available for sale at the end of December, down 18% from November.
- The median price of a home sold in December was $405,400, up 0.4% from a year earlier.
- There were 4.06 million existing home sales for the full year, unchanged from 2024.
- December sales were the strongest in nearly three years after adjusting for seasonal factors.
Sales of previously owned homes in December rose to a seasonally-adjusted, annualized rate of 4.35 million units, a 5.1% increase from November, according to the National Association of Realtors. That was higher than analysts’ expectations for a gain of 2%. Sales were 1.4% higher than a year earlier.
For the full year, there were 4.06 million existing home sales, unchanged from 2024.
After adjusting for seasonal factors, December sales were the strongest in nearly three years. Sales increased in all regions month-over-month and were higher annually in the Northeast and Midwest, but lower in the South and West. Read More…