The National Association of Realtors (NAR) has announced second-hand housing sales data for December 2022.
Accordingly, second-hand house sales in the country decreased by 1.5 percent on a monthly basis, adjusted for seasonal effects, to 4.02 million in the last month of last year.
It was predicted that the second-hand house sales, which carried the decline to the 11th month, would realize at the level of 3.96 million.
Second-hand house sales, which fell to the lowest level since November 2010, decreased by 7.9 percent to 4.08 million in November last year.
Second-hand house sales in the country decreased by 34 percent in December compared to the same month of the previous year.
The median house prices in the second-hand market in the USA increased by 2.3 percent on an annual basis in November and rose to 366 thousand 900 dollars.
NAR Chief Economist Lawrence Yun, whose views were given in the statement, stated that December 2022 was another strong month for buyers due to limited supply and high mortgage interest rates, and said that housing sales can be expected to recover soon as interest rates started to fall after reaching the peak last year. .
Pointing out that housing prices across the country are still positive, albeit slightly, Yun noted that the market in about half of the country will offer potential buyers discounted prices compared to last year.