Home Sales Drop For 9th Straight Month

Home-Sales-Mortgages

At a glance

  • Sales of previously owned homes dropped 5.9% from September to October, according to the National Association of Realtors.
  • The drop marks the slowest pace since December 2011, with the exception of a very brief drop at the beginning of the Covid-19 pandemic.
  • Overall, homes went under contract in 21 days in October, up from 19 days in September and 18 days in October 2021, CNBC reported.

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