US home sales fell in August despite easing mortgage rates, more homes on the market

FILE - A housing development in Cranberry Township, Pa., is shown on March 29, 2024. Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even asExisting home sales fell 2.5% last month, from July, to a seasonally adjusted annual rate of 3.86 million, the National Association of Realtors said Thursday.

Home prices increased on an annual basis for the 14th consecutive month. The national median sales price rose 3.1% from a year earlier to $416,700. Home shoppers had a larger selection of homes to chose from last month. All told, there were about 1.35 million unsold homes at the end of August, up 0.7% from July and 22.7% from August last year, NAR said.

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US home sales fell in August despite easing mortgage rates, more homes on the marketSales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising.
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US home sales fell in August despite easing mortgage rates, more homes on the marketSales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising.
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US home sales fell in August despite easing mortgage rates, more homes on the marketSales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising. The National Association of Realtors said Thursday that home sales fell 2.5% last month, from July, to a seasonally adjusted annual rate of 3.86 million.
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