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Existing Home Sales Exceed Economists' Expectations By Marking Strongest Sales Price Since August 2023

Posted by: Katherine Diveris on Monday, March 25, 2024

Saddle Brook, NJ – March 22, 2024 – U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). Falling interest rates late last year, coupled with a recent uptick in inventory, helped existing-home sales to climb following last month’s decline, with monthly gains reported in the Midwest, South, and West regions.

Tags: 2024 bergencounty buyers existingsales homeownership housingmarket markettrends monthlyindicator newjersey northernewjersey sellers
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