Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales fell 2.5 percent from February to March to a seasonally-adjusted annualized rate of 3.9 million units sold. This represents a 5.9 percent increase over the past 12 months and the ninth consecutive month of positive annual growth. The median sale price of existing single-family homes rose 4.8 percent in March and 1.9 percent from last year to $163,600. Inventories fell slightly, down 0.5 percent, to 2.1 million available units for sale while the monthly supply of homes rose 3.3 percent to a 6.3 months supply at the current sales pace. Compared to last year both inventories and the monthly supply of homes has declined significantly, down 20.1 and 24.1 percent, respectively. The National Association of Realtors, NAR, notes that future home sales could be held back by tightening supply factors.