Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales rose 5.5 percent in November and 12.4 percent over the past 12 months to a seasonally adjusted annualized rate of 4.4 million units. The median price of existing homes ticked up 2 percent during the month and 10.1 percent since last November. Meanwhile, the available housing stock and monthly supply of existing homes continue to decline sharply at the current sales pace. On an annual basis the inventory of existing single-family homes fell 22.7 percent to 1.8 million units for sale and the monthly supply of homes has fallen 31 percent to a 4.9 month supply. Overall, sales are at the highest level since November 2009 when the annual pace spiked at 5.44 million.