Existing-Home Sales Increased 1.5% in September, According to NAR Report

Existing-Home Sales Increased 1.5% in September, According to NAR Report: Existing-home sales increased 1.5% in September to a seasonally adjusted annual rate of 3.99 million, according to NAR. Housing inventory rose to 1.60 million units, representing a 4.8-month supply, while the median existing-home price climbed 1.3% year-over-year to $417,500. Sales gains in the South and West were offset by annual declines across all four U.S. regions.