Sunday, 26 June 2022 | The Latest Buzz for the Appraisal Industry

Existing-Home Sales Jumped 7 Percent in September

Boosted by an increase in inventory, existing-home sales jumped 7% in September compared with August to a seasonally adjusted annual rate of 6.29 million, according to the National Association of Realtors (NAR).

However, existing-home sales were down 2.3% compared with September 2020.

Regionally, and month-over-month, home sales increased 5.5% in the Northeast, 5.1% in the Midwest, 8.6% in the South, and 6.5% in the West.

Year-over-year, sales were up 9.2% in the Northeast, but

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