Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales fell 1.5 percent in September, but are up 10.9 percent annually to a seasonally-adjusted annualized rate of 4.68 million units sold. This monthly decline comes after initial estimates of August’s figures reported the highest level of sales in nearly four years. Regionally, existing home sales ranged from a 4.9 percent decline in the Midwest to a 0.9 percent increase in the West. On a year-over-year basis, all regions posted strong positive growth rates. The median price of home sales fell 4.9 percent for the month to $199,300, but remains up 11.4 percent over the past 12 months. Meanwhile, the inventory of homes available for sale stood at 1.96 million units, representing a five month supply at the current sales pace.