Home prices see first year-over-year decline in a decade ...Middle East

The year-over-year price for existing homes declined last month for the first time in more than a decade as sales jumped up 14.5 percent and ended a 12-month fall. Data released by the National Association of Realtors (NAR) on Tuesday shows that the median existing-home sales price dropped by 0.2 percent to $363,000. The drop ends a streak of 131 months of consecutive year-over-year increases dating back to February 2012, which was a record for consecutive increases. The number of sales — which are completed transactions for single-family homes, townhouses, condominiums and co-ops — rose to a seasonally adjusted annual rate of 4.58 million units last month. But the year-over-year

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Last updated : 21 March 2023 clock 06:53 PM

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Home prices see first year-over-year decline in a decade ...Middle East

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