Existing home sales fall to lowest level in nearly 30 years

Existing home sales in the U.S. in 2024 were the lowest in nearly 30 years, as home prices hit an all-time high.

The National Association of Realtors released data that showed existing home sales declined to the lowest level since 1995 last year, with 4.06 million homes sold on an annual basis.

Meanwhile, the median home price rose to a record high of $407,500 in 2024.