Housing sales in the United States dropped to a 13-year low in September, said the National Association of Realtors.
Factors like limited inventory, climbing mortgage and interest rates reportedly contributed to the decline.
In September, the median U.S. existing house price reached $394,300, up 2.8% year-over-year.
“For the third straight month, home prices are up from a year ago, confirming the pressing need for more housing supply,” said NAR Chief Economist Lawrence Yun.
