Existing-home sales increased 5.1% month over month in December. However, it wasn't enough to push 2025 sales above the previous year's level
Sales of new single-family homes dropped 8.2% year over year to a seasonally adjusted annual rate of 652K, which still beat analysts' expectations of a rate of about 630K units
Existing-home sales increased 2% MOM and 0.8% YOY in July, according to the trade group. Active inventory rose to its highest level since May 2020, tipping the scales toward market balance
The strong monthly uptick in sales marked the fourth-straight month of increases as homebuyers eased back into the market and adjust to higher mortgage rates, according to new Census data