Skip to content
Subscriber Only

Existing U.S. Home Sales Decline as Supply Drops

Sales of previously owned U.S. homes decreased in September from the highest level in two years, restrained by a lack of supply that may keep pushing prices up.

Purchases fell 1.7 percent to a 4.75 million annual rate, matching the median forecast of economists surveyed by Bloomberg, figures from the National Association of Realtors showed today in Washington. The median price from a year earlier jumped by the most since 2005 as inventories dwindled.