National Real Estate Insights 11/2024

U.S. Monthly Home Sales Volume Market Dynamics & Seasonality since 2020*

The number of existing-home sales in October 2024 increased 5.5% from September and 5% year-over-year. Sales volume will usually rapidly decline over the next 3 months for the holiday slowdown. (Some second-home markets see higher demand in mid-winter.)

June 2021

650,000

July 2020

600,000

June 2022

550,000

Updated through October 2024

500,000

June 2023

450,000

May 2024

First year of pandemic

400,000

350,000

Jan.-Feb.

Jan.-Feb.

300,000

Jan.

Sales in one month mostly reflect market conditions in the previous month when offers were negotiated. Monthly sales volume usually peaks in late spring, and hits its low point in mid-winter.

250,000

Jan.

Jan.

200,000

* Data copyright, National Association of Realtors®. All rights reserved. Used with permission. Existing home sales (single-family dwellings, condos and co-ops), does not included new-home sales. Not seasonally adjusted. Last month labeled “preliminary . ” Data from sources deemed reliable but may contain errors and subject to revision.

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