Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales fell 1.1 percent for the month, but are up 14.5 percent annually to a seasonally-adjusted annualized rate of 4.5 million units sold. Regionally, all areas showed strong year-over-year growth rates ranging from an increase of 9.2 percent in the West to a 16.5 percent increase in the Midwest. On a monthly basis, all regions were relatively flat, ranging from no change in the Northeast and Midwest to a decline of 1.8 percent in the West. The median sales price rose for the fifth consecutive month to $214,700, the highest level since August 2007. Existing single-family homes inventory rose 2.6 percent to 1.9 million units, the highest level since August 2012. Meanwhile, the monthly supply of homes rose 4.0 percent, but is down 18.8 percent to a 5.2 month supply on an annual basis.