Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales rose 2.1 percent in July to an annualized 3.98 million units sold. Regionally, monthly home sales ranged from a 6.7 percent increase in the Northeast to a 1.0 percent decline in the West. On an annual basis, overall home sales rose 9.9 percent and showed positive growth in all regions. The median sales price of existing single-family homes fell 0.8 percent in July to $188,100, representing a 9.6 percent increase over the past 12-months. The inventory of available single-family homes for sale was flat for the month at 2.1 million units, while the monthly supply of homes fell 3.1 percent to a 6.3 month supply at the current sales pace.