Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales rose by 5.0 percent from April to May and 12.7 percent over the past 12 months to a seasonally-adjusted annualized rate of 4.6 million units sold. This represents the highest level of sales since November 2009. All areas posted solid monthly and annual improvement with the South and Midwest leading those gains. The median sales price of existing single-family homes rose to $208,700, which is the highest level since July 2008. The inventory rose 3.7 percent to 1.98 million units, while monthly supply of homes was flat for month at a 5.2 month supply given the current pace of sales.