Home sales in the United States jumped to the highest level in eight months in September, but rising prices following continued supply shortages caused buyers to turn away from the housing market for the first time.
The National Association of Realtors said on Thursday that existing home sales increased by 7%, the largest one-year increase, to an adjusted annual rate of 6.29 million units last month, the highest level since January.
Economists polled by Reuters expected sales to rise to 6.09 million units. Sales rose in all four regions.
Realtor resale activity, which accounts for the vast majority of home sales in the United States, fell 2.3 percent year-over-year.
The average price of existing homes rose 13.3% from a year earlier to $352,800 in September, the lowest increase this year.
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Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>U.S. home sales jumped to an eight-month high in September, but rising prices driven by a persistent shortage of supply are pushing first-time buyers out of the housing market. The National Association of Realtors said Thursday that existing home sales rose 7%\u2014the largest increase in a year\u2014to a seasonally adjusted annual rate of 6.29 \u2026 Read more<\/a><\/p>","protected":false},"author":11,"featured_media":33381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"amlak_video_sent":"","footnotes":""},"categories":[100],"tags":[],"class_list":["post-33366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-residential"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":""}},"featured_image_urls":{"full":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/10\/89498465498478949846549849.jpg",1080,611,false],"thumbnail":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/10\/89498465498478949846549849-150x150.jpg",150,150,true],"medium":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/10\/89498465498478949846549849-300x170.jpg",300,170,true],"medium_large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/10\/89498465498478949846549849-768x434.jpg",768,434,true],"large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/10\/89498465498478949846549849-1024x579.jpg",1024,579,true],"1536x1536":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/10\/89498465498478949846549849.jpg",1080,611,false],"2048x2048":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/10\/89498465498478949846549849.jpg",1080,611,false],"trp-custom-language-flag":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/10\/89498465498478949846549849.jpg",18,10,false],"event-thumbnail":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/10\/89498465498478949846549849-300x200.jpg",300,200,true],"event-medium":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/10\/89498465498478949846549849-600x400.jpg",600,400,true],"event-large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/10\/89498465498478949846549849.jpg",1080,611,false],"event-hero":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/10\/89498465498478949846549849.jpg",1080,611,false]},"author_info":{"info":["\u0623\u0645\u0644\u0627\u0643 \u0627\u0644\u0631\u064a\u0627\u0636"]},"category_info":"\u0633\u0643\u0646\u064a<\/a>","tag_info":"\u0633\u0643\u0646\u064a","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/33366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=33366"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/33366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media\/33381"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=33366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=33366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=33366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}