Keeping you up to date on the latest data releases.
- Existing Home Sales
Sales of existing single-family homes rose 1.6 percent in October from a downwardly revised September figure of 4.31 million units to a seasonally adjusted annual rate of 4.38 million units sold. Across the Nation, the Northwest was the only area to show a negative monthly change where sales declined 5.2 percent. The West showed the most monthly improvement by gaining 3.8 percent in sales from September. Compared to this time last year, total existing single-family home sales have improved by 13.8 percent, while the median price of homes has declined by 5.8 percent to $161,600. Inventories continue to fall and are down to 2.86 million units, a 12.2 percent decline from last year. The supply of housing also declined to a 7.8 months supply, which is a 23.5 percent annual decline—the lowest supply level since January.