Existing-Home Sales Rebound in December, Marking Strongest Pace Since February

Existing-home sales rose **2.2% in December**, reaching an annualized rate of **4.24 million**—the strongest level since February 2024. The median existing-home price increased **6.0% year-over-year** to **$404,400**, continuing 18 consecutive months of price growth. Despite this improvement, **2024 home sales hit a 30-year low** of **4.06 million**, although the median price set a record of **$407,500**. Inventory dropped **13.5%**, equating to a **3.3-month supply**. ### **Our Take** This rebound may signal a bottoming out of existing home sales despite high mortgage rates. Agents should focus on the current opportunities created by tight inventory and strong demand. 📞 **Contact Abdo Pierre Faissal at 310-620-1038** | ✉️ **[email protected]** for expert insights into the housing market. 4o facebook-letter-logo x-logo linkedin-logo pinterest-logo [Facebook](https://www.facebook.com/sharer.php?u=https%3A%2F%2Fapfreg.com%2Fexisting-home-sales-rebound-in-december-marking-strongest-pace-since-february%2F) [X](https://x.com/intent/post?url=https%3A%2F%2Fapfreg.com%2Fexisting-home-sales-rebound-in-december-marking-strongest-pace-since-february%2F&text=Existing-Home+Sales+Rebound+in+December%2C+Marking+Strongest+Pace+Since+February) [Pinterest](https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fapfreg.com%2Fexisting-home-sales-rebound-in-december-marking-strongest-pace-since-february%2F) [LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fapfreg.com%2Fexisting-home-sales-rebound-in-december-marking-strongest-pace-since-february%2F&title=Existing-Home+Sales+Rebound+in+December%2C+Marking+Strongest+Pace+Since+February&summary=Existing-home+sales+rose+2.2%25+in+December%2C+reaching+an+annualized+rate+of+4.24+million%E2%80%94the+strongest+level+since+February+2024.+The+median+existing-home+price+increased+6.0%25+year-over-year+to+%24404%2C400%2C+continuing+18+consecutive+months+of+price+growth.+Despite+this+improvement%2C+2024+home+sales+hit+a+30-year+low+of+4.06+million%2C+although+the+median+price+set+a+record+of+%5B%E2%80%A6%5D)