U.S. Existing-Home Sales Rise 1.5% in September to 3.99 Million

Sales of previously owned U.S. homes rose in September, but remained below year-earlier levels as higher mortgage rates and elevated prices kept the housing market near a multiyear low. Existing-home sales increased 1.5% from August to a seasonally adjusted annual rate of 3.99 million units. Sales were down 2.2% from September a year earlier. The annual sales pace has mostly hovered near 4 million since 2023, well below the historical norm of about 5.2 million. September marked the second straight month below the 4 million threshold. The median U.S. home price climbed 1.3% from a year earlier to $417,500.

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