Existing-home sales rebounded in September after seeing sales wane the previous month, according to the National Association of Realtors®. Each of the four major U.S. regions witnessed increases on a month-over-month basis. From a year-over-year timeframe, one region held steady while the three others each reported a decline in sales. Infographic: September 2021 Existing-Home Sales See and share this infographic. Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 7.0% from August to a seasonally adjusted annual rate of 6.29 million in September. ... (full story)

Following August's surprise tumble in existing home sales (while pending- and new-home sales rose), analysts expected September to see a rebound on the heels of improving homebuilder sentiment on foot traffic and the rebound was dramatic. Existing home sales soared 7.0% MoM (vs +3.7% expected). That is the biggest MoM rise since September 2020, but sales are still down 2.3% YoY at 6.29mm SAAR (still well above the 6.10mm expected)... {chart} The median selling price of an existing house rose 13.3% in September from a year ago to $352,800. That was the smallest annual price increase since the end of 2020. “Some ... (full story)