A prospective home buyer tours a house for sale in Dunlap, Illinois. Photographer: Daniel Acker/Bloomberg

Sales of previously owned U.S. homes eased in September to the weakest pace in almost three years, a sign rising prices and mortgage costs are keeping potential buyers on the sidelines, National Association of Realtors data showed Friday.

Highlights of Existing-Home Sales (September) Contract closings fell from the prior month to 5.15m annual rate, the lowest since Nov. 2015 (est. 5.29m). Median sales price rose 4.2% y/y to $258,100. Inventory of available properties edged up 1.1% y/y to 1.88m.

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