August 2024 Market Stats
August 2024 Market Stats U.S. existing-home sales increased for the first time in 5 months, as lower mortgage rates and rising supply helped boost market activity. According to the National Association of REALTORS® (NAR), sales of previously owned homes rose 1.3% month-over-month to a seasonally adjusted annual rate of 3.95 million units, exceeding economists’ expectations…
Aiken Association of REALTORS® Donates $12,000 to Local Charities
The Aiken Association of Realtors awarded community grants worth a total of $12,000 during a meeting of its membership Aug. 22 at Woodside Country Club. The seven grant recipients included Area Churches Together Serving, $5,000; and Stand at the Crossroads, Ministries, $2,000. Camp Joy, Family Promise of Aiken County, Friends of the Animal Shelter, The…
July 2024 Market Stats
July 2024 Market Stats U.S. existing home sales fell 5.4% month-over-month and 5.4% year-over-year to a seasonally adjusted annual rate of 3.89 million units, with monthly sales down in all four regions, according to the National Association of REALTORS® (NAR). Higher mortgage rates, along with rising sales prices, have kept many prospective buyers on the…
June 2024 Market Stats
June 2024 Market Stats U.S. existing-home sales declined for the third consecutive month, as higher mortgage rates and rising sales prices hindered market activity during what has traditionally been one of the busiest months of the year. According to the National Association of REALTORS® (NAR), sales of previously owned homes dipped 0.7% month-over-month and 2.8%…
May 2024 Market Stats
May 2024 Market Stats U.S. existing-home sales fell for the second month in a row, sliding 1.9% monthover-month and 1.9% year-over-year, according to the National Association of REALTORS® (NAR), with sales down in all four regions of the country. Higher borrowing costs and accelerating home prices continue to weigh on demand, pushing some prospective buyers…
April 2024 Market Stats
April 2024 Market Stats U.S. existing-home sales recently fell from a one-year high, dropping 4.3% monthover-month to a seasonally adjusted annual rate of 4.19 million, according to the National Association of REALTORS® (NAR), as higher interest rates and rising sales prices continue to keep some prospective buyers on the sidelines. Average 30-year mortgage rates have…
March 2024 Market Stats
March 2024 Market Stats U.S. existing-home sales improved for the second month in a row, jumping 9.5% to a seasonally adjusted annual rate of 4.38 million units, exceeding economists’ expectations and marking the largest monthly gain in a year, according to the National Association of REALTORS®(NAR). The rebound in home sales comes amid fluctuating mortgage…
AAOR Sponsors Clean Up Aiken
The Aiken Association of REALTORS® is pleased to announce our Diamond Sponsorship of Clean Up Aiken. Their commitment to our community aligns perfectly with our values and we look forward to working together. We will be hosting a Clean Up day on April 6th! Sign up here: https://tinyurl.com/Litter040624
February 2024 Market Stats
U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). Falling interest rates late last year, coupled with a recent uptick in inventory, helped existing-home sales to climb following last…
National Association of REALTORS® Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers
CHICAGO (March 15, 2024) – The National Association of REALTORS® (NAR) today announced an agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. The agreement would resolve claims against NAR, over one million NAR members, all state/territorial and local REALTOR® associations, all association-owned MLSs, and all brokerages with…
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