🏠 Home Sales up in October 2021 on a Year-on-Year Basis
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Home Sales up in October 2021 on a Year-on-Year Basis
The National Association of Realtors recently reported that in October 2021, home sales were up by 0.8%, compared to October 2020.
In terms of numbers, the sale of previously owned homes stood at a seasonally adjusted annualized rate of 6.34 million by October this year.
When comparing the number of homes available for sale after October 2021 with the numbers after October 2020, the figures were lower this year than the previous year.
After October 2021, 1.25 million homes were still available for sale, which is 12% lower than the number of homes available for sale after October last year.
Realtors are really optimistic about sales this year, as they believe the sales this year would cross 6 million, which, if achieved, will be the highest sales figures recorded since 2006.