a
Print
version
  1. Home page
  2. Publications
  3. Property articles about the USA

Search in all publications

Published:

Limited inventory and stable interest rates have dragged U.S. home sales to a 13-year low

  • November 23, 2023
  • 7
The National Association of Realtors has published such data for October 2023.

What has happened? Tight inventory and flat interest rates caused U.S. home sales to fall to a 13-year low in October 2023, according to a report from the National Association of Realtors (NAR). And limited supply has pushed average prices for existing homes to new highs.

Details. Existing home sales fell by 4.1% in October compared to the previous month. Year-on-year, the number of transactions decreased by 14.6%. The figures include single-family homes, townhomes, condominiums and co-ops.

However, the prices started to move in the opposite direction, hitting a record high for the month of October, the report said. The average existing home price for all property types was $391,800 in October, up 3.4% from October 2022 and marking the fourth consecutive month of year-over-year price increases.

Quote. “While circumstances for buyers remain tight, home sellers have done well as prices continue to rise year over year,” NAR chief economist Lawrence Yun said. In fact, the NAR report found that typical homeowners have accumulated more than $100,000 in housing wealth over the past three years.

Peculiarities. In general, more expensive homes are facing less competition, Yun said. They are “unique and therefore more difficult to match the preferences of buyers. Homes are disposed longer on the market and require price concessions”.

Please read also: Goldman Sachs believes in the US housing market recovery

Here's what you can buy in the US right now:
Apartment for 1 490 391 euro in Miami, USA
1 490 391 €
Apartment in Miami, USA
270 sq.m 5 4 6
Credit
Greetings! I will be happy to help with the purchase of residential or commercial real estate in sunny Miami. If you have any questions about this property or about the real estate market in general, please contact us! Thanks
Square Estates LLC
House for 2 693 702 euro in Miami, USA
2 693 702 €
House in Miami, USA
450 sq.m 6 5 6
Credit
Hello! I will be happy to help with the purchase of residential or commercial real estate in sunny Miami. I work with both primary and secondary. If you have any questions about this property or about the real estate market in general, please contact us! Thanks Dmitry Baranov Real Estate Broker +1.305.302.9776
Square Estates LLC
Villa for 1 482 002 euro in Miami, USA
1 482 002 €
Villa in Miami, USA
285 sq.m 6 5 5
Credit
Hello! I will be happy to help with the purchase of residential or commercial real estate in sunny Miami. I work with both primary and secondary. If you have any questions about this property or about the real estate market in general, please contact us! Thanks Dmitry Baranov Real Estate Broker +1.305.302.9776
Square Estates LLC
Villa for 2 749 626 euro in Miami, USA
2 749 626 €
Villa in Miami, USA
360 sq.m 6 5 5
Credit
Hello! I will be happy to help with the purchase of residential or commercial real estate in sunny Miami. I work with both primary and secondary. If you have any questions about this property or about the real estate market in general, please contact us! Thanks Dmitry Baranov Real Estate Broker +1.305.302.9776
Square Estates LLC
Flat for 744 729 euro in Miami, USA
744 729 €
Flat in Miami, USA
120 sq.m 3 2 3
Credit
Hello! I will be happy to help with the purchase of residential or commercial real estate in sunny Miami. I work with both primary and secondary. If you have any questions about this property or about the real estate market in general, please contact us! Thanks Dmitry Baranov Real Estate Broker +1.305.302.9776
Square Estates LLC
Flat for 4 659 451 euro in Miami, USA
4 659 451 €
Flat in Miami, USA
260 sq.m
Credit
Hello! If you have any questions about this property or about the real estate market in general, please contact us! I will be happy to help with the purchase of residential or commercial real estate in sunny Miami. I work with both primary and secondary. Dmitry Baranov Real Estate Broker +1.305.302.9776
Square Estates LLC
Penthouse for 3 681 703 euro in Miami, USA
3 681 703 €
Penthouse in Miami, USA
310 sq.m 5 4 5
Credit
Hello! If you have any questions about this property or about the real estate market in general, please contact us! I will be happy to help with the purchase of residential or commercial real estate in sunny Miami. I work with both primary and secondary. Dmitry Baranov Real Estate Broker +1.305.302.9776 (all messengers)
Square Estates LLC
Villa for 3 635 099 euro in Miami, USA
3 635 099 €
Villa in Miami, USA
450 sq.m 5 6
Credit
Hello! If you have any questions about this property or about the real estate market in general, please contact us! I will be happy to help with the purchase of residential or commercial real estate in sunny Miami. I work with both primary and secondary. Dmitry Baranov Real Estate Broker +1.305.302.9776,
Square Estates LLC
Villa for 2 497 966 euro in Miami, USA
2 497 966 €
Villa in Miami, USA
360 sq.m 6 5 4
Credit
Hello! If you have any questions about this property or about the real estate market in general, please contact us! I will be happy to help with the purchase of residential or commercial real estate in sunny Miami and south Florida. Dmitry Baranov Real estate Broker in Miami +1.305.302.9776 USA,, +7.905.231.8833 Russia
Square Estates LLC
Flat for 1 304 907 euro in Miami, USA
1 304 907 €
Flat in Miami, USA
120 sq.m 4 3 2
Online Viewing Credit
Hello! If you have any questions about this property or about the real estate market in general, please contact us! I will be happy to help with the purchase of residential or commercial real estate in sunny Miami and south Florida. Dmitry Baranov Real estate Broker in Miami +1.305.302.9776 USA
Square Estates LLC
House for 15 840 643 euro in Beverly Hills, USA
15 840 643 €
House in Beverly Hills, USA
7092 sq.m 7
Spanish colonial house, once the home of Bugsy Siegel. Excellent location in the western part of the BH Flats area on a half-acre plot. A large formal two-storey entrance decorated with hand-painted tiles, numerous arches and a rotunda with long vertical stained glass windows installed above a curved staircase. High ceilings and plenty of...
NF Group
Villa for 4 846 799 euro in Miami, USA
4 846 799 €
Villa in Miami, USA
400 sq.m 5 4 5
Online Viewing Remote Transaction Credit
Hello! If you have any questions about this property or about the real estate market in Miami, please contact us! I will be happy to help with the purchase of residential or commercial real estate in South Florida. Extensive database of new buildings and secondary market facilities. The possibility of online impressions and remote closing of...
Square Estates LLC
House for 7 793 673 euro in Los Angeles, USA
7 793 673 €
House in Los Angeles, USA
418 sq.m 3 4
A new masterpiece located at the top of Bel Air Mountain, at the end of a winding private driveway. The upper level is completed by a second bedroom with a bathroom and an additional private balcony. Flooded with natural light, a bright corridor leads to well-kept quiet upper-level gardens with relaxation areas and stairs, from where the most...
NF Group
House for 13 533 924 euro in Los Angeles, USA
13 533 924 €
House in Los Angeles, USA
930 sq.m 7 11
A masterpiece of modern design in the heart of Los Feliz. The carefully designed house with 7 bedrooms and 11 bathrooms offers 930 square meters of living space and is located on a plot of 1580 square meters. On the right, the living room is decorated with a French oak herringbone wooden floor, a fireplace with brass details and a magnificent...
NF Group
Flat for 759 643 euro in Miami, USA
759 643 €
Flat in Miami, USA
100 sq.m 3 1 2
Online Viewing Remote Transaction Cryptocurrency payment Credit
Hello! If you have any questions about this property or about the real estate market in Miami, please contact us! I will be happy to help with the purchase of residential or commercial real estate in South Florida. Extensive database of new buildings and secondary market facilities. The possibility of online impressions and remote closing of...
Square Estates LLC
Flat for 4 427 364 euro in Miami, USA
4 427 364 €
Flat in Miami, USA
300 sq.m 4 3 4
Online Viewing Remote Transaction Cryptocurrency payment Credit
Hello! If you have any questions about this property or about the real estate market in Miami, please contact us! I will be happy to help with the purchase of residential or commercial real estate in South Florida. Extensive database of new buildings and secondary market facilities. The possibility of online impressions and remote closing of...
Square Estates LLC
Flat for 1 118 492 euro in Miami, USA
1 118 492 €
Flat in Miami, USA
140 sq.m 3 2 3
Online Viewing Remote Transaction Cryptocurrency payment Credit
Hello! If you have any questions about this property or about the real estate market in Miami, please contact us! I will be happy to help with the purchase of residential or commercial real estate in South Florida. Extensive database of new buildings and secondary market facilities. The possibility of online impressions and remote closing of...
Square Estates LLC
Flat for 1 257 371 euro in Miami, USA
1 257 371 €
Flat in Miami, USA
160 sq.m 4 3 3
Online Viewing Remote Transaction Cryptocurrency payment Credit
Hello! If you have any questions about this property or about the real estate market in Miami, please contact us! I will be happy to help with the purchase of residential or commercial real estate in South Florida. Extensive database of new buildings and secondary market facilities. The possibility of online impressions and remote closing of...
Square Estates LLC
Flat for 745 661 euro in Miami, USA
745 661 €
Flat in Miami, USA
120 sq.m 3 2 3
Online Viewing Remote Transaction Cryptocurrency payment Credit
Hello! If you have any questions about this property or about the real estate market in Miami, please contact us! I will be glad to help with the purchase of residential or commercial real estate in South Florida. An extensive database of new buildings and secondary market facilities. The possibility of online impressions and remote closing of...
Square Estates LLC
Apartment for 922 756 euro in Miami, USA
922 756 €
Apartment in Miami, USA
81 sq.m 2 1 1
Citizenship Online Viewing Remote Transaction
One of the rare apartments where luxury and comfort are combined is waiting for you in Okan Tower Miami! This apartment with 2 bedrooms and 2 bathrooms has a large area of 120 square meters and is suitable for any lifestyle. The entrance to the apartment leads directly to the open-plan living room and kitchen. The modernly designed kitchen is...
Aro Property

See more 1930 similar properties

Source: Mansion Global

Photo by Ian MacDonald on Unsplash

Quoting conditions of Prian.info materials

Share the link:
Tags: USA, Market Analysis, Investment, Real Estate

Read also

Limited inventory and stable interest rates have dragged U.S. home sales to a 13-year low
The National Association of Realtors has published such data for October 2023.
New York is experiencing its worst housing crisis in 50 years. And this is good news for investors
The portion of available and vacant rental properties declined to a staggering 1.4% in 2023.
Goldman Sachs believes in the US housing market recovery
The analysts have revised their forecast upwards.
Demand for real estate in Serbia is falling
The share of real estate purchased on credit amounted to 30% of all real estate sales.
Analysts predict that house prices in the Netherlands will continue to fall next year
Вut costs on the Dutch housing market will remain high.
Dubai real estate market has registered an absolute record in February
The emirate has recorded the maximum number of property sales in February.

Interesting to read

Limited inventory and stable interest rates have dragged U.S. home sales to a 13-year low

  • 23.11.2023
  • 7

French Senator Calls for a Special Visa for Foreign Homeowners

  • 31.03.2023
  • 30

New York is experiencing its worst housing crisis in 50 years. And this is good news for investors

  • 23.02.2024
  • 21

News and articles on the topic «USA»

New York is experiencing its worst housing crisis in 50 years. And this is good news for investors

The portion of available and vacant rental properties declined to a staggering 1.4% in 2023.

  • 23.02.2024
  • 21

Limited inventory and stable interest rates have dragged U.S. home sales to a 13-year low

The National Association of Realtors has published such data for October 2023.

  • 23.11.2023
  • 7

Popular properties

Useful topics about the USA:

Interested in real estate in the USA? 

Choose among 1932 offers in our listing

Show offers