Home sales in January hit a seasonally adjusted rate of about 4.1 million – up 2 percent from the year before, marking the fourth consecutive month of year-over-year increases, according to a new report from the National Association of Realtors.
Sales jumped in three regions across the country – the Northeast, the Midwest and the West – but remained flat in the South.
However, sales dropped 4.9 percent last month from December 2024, and they fell in the Northeast, the South and the West. Sales were the same in the Midwest.
Meanwhile, supply last month was up 3.5 percent from December, with about 1.2 million units on the market. This figure was about 17 percent higher year over year.
The median price for all home types was $396,900 – a 4.8 percent jump from last year.
Here is the complete regional breakdown of existing home sales.
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