Sales of existing homes last year hit the lowest level since 1995, according to data from the National Association of REALTORS. Yep, the annual pace of U.S. existing home sales hasn’t been this soft since Microsoft launched Windows 95.
The 29-year low in this key dataset is just one more piece of the housing affordability puzzle—even less supply means ever-higher prices. With 2024 existing home sales dropping to 4.06 million, the median sales price reached a record high of $407,500, according to the NAR.
