Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales fell 5.1 percent in June to an annualized rate of 3.9 million homes sold. While this represents a 4.8 percent increase over the past 12-months, this is the sharpest monthly decline since February 2011. The median sales price of existing single-family homes in June rose 5.5 percent from May and 8.0 from this time last year to $190,100. The monthly supply of existing single-family homes for sale rose 1.6 percent to a 6.5 month supply—the highest level since November 2011. Despite the modest uptick in the monthly supply, the total inventory of existing single-family homes fell 2.8 percent to 2.12 million available homes. Both the month supply and inventory of existing single-family homes continue to post significant annual declines—down 27.8 percent and 23.7 percent, respectively from last June.