Key Highlights- Existing-home sales grew for the fifth consecutive month in October to a seasonally-adjusted annual rate of 6.85 million – up 4.3% from the prior month and 26.6% from one year ago.
- The median existing-home price was $313,000, almost 16% more than in October 2019. Total housing inventory declined from the prior month and one year ago to 1.42 million, enough to last 2.5 months – a record low – at the current sales pace.
- More than 7 in 10 homes sold in October 2020 – 72% – were on the market for less than a month.
https://www.nar.realtor/newsroom/existing-home-sales-jump-4-3-to-6-85-million-in-october
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