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The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.
The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.
Existing-Home Sales Housing Snapshot. Download (PNG: 75 KB) | Latest Data | News Release. August 2024 brought 3.86 million in sales, a median sales price of $416,700, and 4.2 months of inventory. The median sales price is up 3.1% year-over-year, and inventory was up 0.9 months from August 2023.
NAR produces housing statistics on the national, regional, and metro-market level where data is available. All current data produced by NAR is available on nar.realtor. For indicators on state, city, and county levels, please contact state and local REALTOR® associations.
August sales of existing homes declined 4.2% from August 2023. The national median existing-home price for all housing types reached $416,700 in August, up 3.1% from a year ago. This is the second consecutive month that home prices have declined.
The Pending Home Sales Index (PHS), a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops.
Existing-home sales retreated 2.5% in August to a seasonally adjusted annual rate of 3.86 million. Sales slid 4.2% from one year ago. The median existing-home sales price rose 3.1% from August 2023 to $416,700, the 14th consecutive month of year-over-year price increases.
The methodology used in calculating existing-home sales statistics is simple. The monthly EHS economic indicator is based on a representative sample of 210 Boards/MLSs. The home sales data (raw data) is divided into four census regions: Northeast, South, Midwest, and West.
Every month NAR produces existing home sales, median sales prices, and inventory figures. In this post, I provide a perspective of the market in the last 10 years, from 2009 through 2019. I also compare the month’s sales to the prior month and the 10-year average.
NAR predicts 4.78 million existing-home sales in 2023, down 6.8% from 5.13 million in 2022. Annual median home prices are expected to increase by just 0.3%, following a 9.6% gain in 2022. Atlanta, Raleigh, Dallas, Fayetteville, Ark., and Greenville, S.C. join five other metropolitan areas among NAR’s top 10 housing markets in 2023. WASHINGTON ...