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The sale of used houses in the US suffered in 2022 the biggest collapse in 14 years and marks a minimum of 2014

Second-hand home sales in the United States totaled 5.03 million operations last year, the lowest figure since 2014, which represents a 17.8% drop compared to the data for 2021, the highest annual drop since 2008, according to data from the National Association of Realtors (NAR).

In the month of December, sales reached an annualized figure of 4.02 million, the lowest since November 2010, representing a drop of 1.5% compared to November 2022 and 34% compared to the same month. of 2021.

Thus, the volume of used house transactions accumulates eleven consecutive months of decline, the longest series of declines since the beginning of data collection in 1999.

Likewise, the total inventory of existing homes registered at the end of December was 970,000 units, 13.4% less than in November, but 10.2% more than a year ago.

Properties were typically on the market for 26 days in December, up from 24 days in November and 19 days in December 2021. 57% of homes sold in December 2022 were on the market for less than a year. month.

“December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates,” said NAR chief economist Lawrence Yun, who can expect a speedy recovery in sales after mortgage rates have fallen. remarkably after peaking at the end of 2022.

In contrast, the median sale price of a second-hand home stood at 366,900 dollars (339,320 euros) in December, which implies an increase of 2.3% since December 2021 and increases the series of increases to 130 consecutive months. year-over-year, the longest streak on record.

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