NAR reports 0.7% decrease in August home sales, 15.3% national decrease from 2022
The National Association of Realtors announced pending home sales fell 0.7% in August 2023 when compared to July 2023.
NAR also found pending home sales decreased 15.3% nationally from 2022 to 2023.
NAR’s pending home sales numbers by region include:
Year-over-year
- Northeast: 22.6% decrease
- Midwest: 16.4% decrease
- South: 12.4% decrease
- West: 15.7% decrease
August 2023
- Northeast: No change
- Midwest: 1% increase
- South: 1.1% decrease
- West: 2.6% decrease
“Home sales have been stable for several months, neither rising nor falling in any meaningful way,” said Lawrence Yun, NAR chief economist. “Mortgage rate changes will have a big impact over the short run, while job gains will have a steady, positive impact over the long run. The South had a lighter decline in sales from a year ago due to greater regional job growth since coming out of the pandemic lockdown.”
Photo provided by Berkshire Hathaway HomeServices C. Dan Joyner RealtorsDavid Schissler joined Berkshire Hathaway HomeServices C. Dan Joyner Realtors as a sales associate in the company’s Spartanburg office.
Berkshire Hathaway HomeServices C. Dan Joyner RealtorsChase Green joined Berkshire Hathaway HomeServices C. Dan Joyner Realtors as a sales associate in the company’s Midtown Office.
He founded the streetwear clothing line CPEPZ.
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Via GreenvilleJournal.com - Real Estate News
