Existing-home sales rise 2.2% in Dec. 2024, decline annually

Fri, Jan 24, 2025, 11:03 AM

Existing-home sales rose 2.2% in December 2024, reaching 4.24 million units — slightly above economists' forecast of 4.2 million, according to data posted on Friday from the National Association of Realtors (NAR). Despite the monthly uptick, annual existing home sales declined to their lowest level in approximately three decades.

Yahoo Finance Senior Reporter Dani Romero analyzes the report and examines the implications for the current housing market landscape.

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Angel Smith