Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales were up 1.7 percent in August and 12.8 percent over the past 12 months to a seasonally-adjusted annualized rate of 4.84 million units sold. Regionally, the change in monthly home sales ranged from a 2.6 percent decline in the West to a 3.8 percent increase in the South. Annually, all areas posted positive growth rates with the Midwest leading, up 18.3 percent. The price of existing single-family homes was $212,200—a slight 0.4 percent decline for the month—but is up 14.4 percent since last August. Meanwhile, the inventory and monthly supply of existing home sales rose 2.6 percent and 2.0 percent, respectively in August, but remain down 5.6 percent and 16.7 percent, respectively on an annual basis.