Study Predicts Strong Growth in Existing Home Sales in 2024

The median home price in the United States is expected to rise 1.4 percent this year.
Study Predicts Strong Growth in Existing Home Sales in 2024
A 'For Sale' sign is posted in front of a home in San Anselmo, Calif., on March 22, 2023. Justin Sullivan/Getty Images
Mary Prenon
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Amid the challenges posed by the current real estate market conditions, the National Association of Realtors (NAR) has unveiled a report outlining optimistic projections for existing-home sales.

A new NAR report is forecasting a 13 percent increase in existing-home sales in 2024, to 4.62 million, and a 15.8 percent increase in 2025, to 5.35 million. The association is basing its predictions on the fact that pending home sales increased by 8.3 percent nationwide in December.

Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.
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