Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales fell 3.8 percent in November and 0.9 percent over the past 12 months to a seasonally-adjusted annualized rate of 4.32 million units sold. Regionally, all areas posted negative growth rates led by an 8.7 percent decline in the West, which is now at the lowest level of sales since November 2010. On an annual basis, existing single-family home sales ranged from an 11.3 percent decline in the West to a 6.0 percent increase in the Northeast. The median price of existing single-family homes was $196,200, a slight decline of 0.7 percent for the month but a 9.4 percent increase since last November. The inventory of homes rose 0.5 percent, representing a 5.2 months’ supply of homes at the current sales pace.