Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales rose 1.2 percent in April and 9.0 percent over the past 12 months to a seasonally-adjusted annualized rate of 4.38 million units sold. This represents the highest sales pace since November 2009. Regionally, all areas posted positive annual growth rates, while on a monthly basis existing single-family home sales ranged from a 2.8 decline in the Midwest to a 2.9 percent increase in the South and West. The median sales price of existing single-family homes rose to $193,300 which is the highest level since August 2008. The inventory and monthly supply of existing homes continue to post double-digit annual declines, down 11.9 percent and 18.5 percent, respectively. On a monthly basis, the inventory of homes for sale rose 13.6 percent in April to 1.92 million units and the monthly supply of homes rose 12.8 percent to a 5.3 months’ supply at the current sales pace.