On September 21, 2023, National Association of Realtors® (NAR) reported that regional existing home sales in the Northeast unchanged 0.0% to an annual rate 480,000 homes in August of 2023 from of July 2023, but lower 22.6% from August of 2022. The median price in the Northeast was $465,700 in August 2023, higher 5.8% from August of 2022.
Home sales in the Midwest up 1.0% to an annual rate 970,000 homes in August of 2023 from of July 2023, but dropped 16.4% from August of 2022. The median price in the Midwest was $305,300 in August of 2023, rose 6.8% from August of 2022.
Home sales in the South down 1.1% to an annual rate 1.840,000 homes in August of 2023 from July of 2023, and fell 12.4% from August of 2022. The median price in the South was $366,100 in August of 2023, increased 3.2% from August of 2022.
Home sales in the West declined 2.6% to an annual rate 750,000 homes in August of 2023 from July of 2023, and decreased 15.7% from August of 2022. The median price in the West was $609,300 in August of 2023, gained 1.0% from August of 2022.
For more complete information, on NAR's August 2023 regional existing home sales report, please click HERE
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