U.S. home sales fall 1% in September, lowest level since October 2010

23 Oct 2024, 17:00 by Clyde Hughes · UPI

Oct. 23 (UPI) -- Sales of previously owned homes slipped 1% in September compared to the month before while the median average for an existing home sold jumped 3% to $404,500, according to new statistics from the National Association of Realtors released Wednesday.

The seasonally adjusted annual rate of 3.8 million units in September was the slowest pace for home sales since October 2010, the association said. Over the same period, inventory increased by 1.5% in September compared to August to 1.39 million homes.