Story perspectives

U.S. Home Sales Rise Slightly, Prices Hit Record High

12/19/2025

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Summary

Story summary

Sales of previously occupied U.S. homes increased by 0.5% in November 2023, reaching an annual rate of 4.13 million units, but fell 1% compared to the previous year, marking the first decline since May.
The National Association of Realtors reported that home prices hit a record high of $409,200, up 1.2% from November 2022.
First-time buyers represented only 21% of purchases, the lowest on record, due to affordability challenges and economic uncertainty.
Unsold home inventory decreased to 1.43 million, down 5.9% from October 2023.
NAR's chief economist predicts a 14% increase in home sales for 2024, despite mixed forecasts from other economists.

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Story summary

Sales of previously occupied U.S. homes increased by 0.5% in November 2023, reaching an annual rate of 4.13 million units, but fell 1% compared to the previous year, marking the first decline since May.
The National Association of Realtors reported that home prices hit a record high of $409,200, up 1.2% from November 2022.
First-time buyers represented only 21% of purchases, the lowest on record, due to affordability challenges and economic uncertainty.
Unsold home inventory decreased to 1.43 million, down 5.9% from October 2023.
NAR's chief economist predicts a 14% increase in home sales for 2024, despite mixed forecasts from other economists.