Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales slipped 0.2 percent in February, but are up 8.7 percent annually to a seasonally-adjusted annualized rate of 4.36 million units sold. Monthly growth rates ranged from a decline of 3.7 percent in the Northeast to an increase of 2.9 percent in the West. Annually, all regions showed positive growth. The median sales prices rose 1.6 percent in February, and are up 11.3 percent over the past 12 months. The inventory of available homes for sale rose 6.3 percent and the monthly supply of homes rose 7 percent. Meanwhile, both the inventory and supply of homes at the current sales pace continue to post strong declines, down 19.2 percent and 25.8 percent, respectively.