Sale of existing home In the United States, home prices in 2024 were the lowest indicator of about 30 years because it reaches the highest limit of all time.

The National Riotic Association announced the information that the existing home sales have declined to the lowest level since 1995 and sold 4.06 million homes.

In the meantime, average house price In 2024, the record reached the limit – $ 407,500.

Citigroup Economist Alice Zheng, “About 7% of mortgage interests and generally the mood of a soft home, the power of the existing home sales is unlikely,” he said. “We do not expect more rise in the apartment requirement in the near future.”

Extreme weather, high house prices can affect the 2025 apartment market

Available home sales fell to the lowest level of about 30 years in 2024. (iStock / iStock)

The existing house sales showed growth in the last months of 2024 and increased by 2.2% since November and reached 4.24 million annual seasonal amended in December. Since year, sales increased by 9.3% from the annual rate of 3.88 million in December 2023.

“In the last months of the year, home sales showed strong revival Mortgage Interest“- Nar's Chief Economist Lourens Yun said.

“In winter, home sales are usually more softer than spring and summer, but sales increase the speed through the increase in three straight months,” said wool. “Consumers clearly understand the long-term prospect Benefits of hosting. Work and salary earnings have a positive effect on the market with increasing inventory. “

Housing proposal is higher with 4 – but this is not great news

The existing house sales increased on the annual basis in all four regions of the Nakh region, but also prices have increased in each of the four regions.

Sales increased by 9.3% on the annual basis – the largest earnings since June 2021 were managed mainly worth more than $ 500,000.

The new forecast has been announced the best housing markets for 2025

The growing mortgage percentage has created a cold in the housing market. (Justin Sullivan / Getty Images / Getty Images)

The average house price for existing houses was $ 404,400 – a year ago, a 6% increase of $ 381,400.

Wool, “Median home price has risen according to a better performance of a partially upper-level market,” he said. “Sales increased by 35% for houses over $ 1 million compared to a year ago, and the sales decreased in houses under $ 250,000.”

Get Fox Business by clicking here

For the first time, home buyers accounted for 31% of home sales in December, and in November, in December 30%, and in December 2023 in December 2023.

Pomegranate was determined to be 24% of the annual share of home recipients and vendors in November, where the annual share of houses for the first time, and the lowest registered indicator.

Reuters contributed to this report.