Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales rose 1.9 percent to a seasonally-adjusted annual rate of 4.22 million in October from 4.14 million in September, and are 9.6 percent above the 3.85 million-unit pace in October 2011. Throughout the nation, monthly homes sales ranged from a 2.1 percent decrease in the Northeast to a 4.0 percent increase in the West. Annually, all regions are showing strong growth ranging from a 4.0 increase in the West to a 16.9 percent increase in the Midwest. The median existing single-family home price was $178,700 in October, which is 10.9 percent higher than a year ago. Home prices continue to increase gradually due to the low levels of inventory supply. The inventory and monthly supply of homes are down 20.9 percent and 27.0 percent, respectively on an annual basis.