Monday, February 6, 2023 | 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

Jeff Bradford

Discover Your Passion

What are you passionate about? Is it appraising? Do you find that time just flies by when you’re working on an appraisal? Appraising has a

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