Boosted by an increase in inventory, existing-home sales jumped 7% in September compared with August to a seasonally adjusted annual rate of 6.29 million, according to the National Association of Realtors (NAR).
However, existing-home sales were down 2.3% compared with September 2020.
Regionally, and month-over-month, home sales increased 5.5% in the Northeast, 5.1% in the Midwest, 8.6% in the South, and 6.5% in the West.
Year-over-year, sales were up 9.2% in the Northeast, but