Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales rose 0.2 percent in January and 8.5 percent over the past 12 months to a seasonally-adjusted annualized rate of 4.34 million units sold. Regionally, existing home sales made moderate improvements both monthly and annually in all areas except the West, down 5.6 percent where inventories are most constrained. The median sales price fell slightly to $174,100 (down 3.4 percent) but is up 12.6 percent from this time last year. The monthly supply and inventories of homes continue to post sharp annual declines at the current sales pace, down 30.6 percent and 25.5 percent respectively, which is now transitioning the industry into a sellers’ market in many areas throughout the country.