Keeping you up to date on the latest data releases.
- Existing Home Sales
Sales of existing single-family homes fell 1.0 percent in February to a seasonally-adjusted annualized rate of 4.06 million units. The decline in existing single-family home sales follows an upwardly revised increase of 5.1 percent in January. Compared to February 2011, sales of existing single-family homes are up 9.4 percent. The median sales price of existing single-family homes rose 1.6 percent to $157,100 in February, suggesting that prices have stabilized following January’s a downwardly revised decline of 4.9 percent. Projected inventories of existing single-family homes rose 1.4 percent in February to 2.1 million units available representing 6.2 months of supply at the current sales rate.