The Liz Moore Market Watch Blog

NAR Projects Increase in Existing-Home Sales in 2024

Posted by Lynnette Tully on Mon, Feb 12, 2024 @ 06:30 AM

shutterstock_2181307567The National Association of Realtors released its Economic Outlook as of January 2024, projecting a 13% increase in existing-home sales in 2024 (from 2023) to 4.62 million and a 15.8% increase in 2025 (from 2024) to 5.35 million. The annual median home price is expected to rise 1.4% to $395,100 in 2024, and then increase 2.6% to $405,200 in 2025.

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