US Existing-Home Sales Fall, Cap Worst Year Since 1995
- Contract closings fell 1% in December, NAR data show
- Prices hit a record in 2023 as supply remained constrained
For all of 2023, sales slipped back to the lowest level since 1995.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Sales of previously owned US homes fell in December, capping the worst year for the housing market in nearly three decades.
Contract closings decreased 1% from a month earlier to a 3.78 million annualized rate, according to National Association of Realtors data released Friday. For all of 2023, sales slipped back to the lowest level since 1995.