home sales

Home sales refer to the process of buying and selling residential properties. It involves a transfer of ownership from a seller to a buyer, typically facilitated by real estate agents and supported by legal agreements. The number of homes sold in a given period indicates market activity and can reflect economic conditions. Factors influencing home sales include interest rates, employment levels, and housing supply. Understanding home sales helps buyers, sellers, and investors gauge market trends, affordability, and overall economic health related to real estate markets.