Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales fell 5.8 percent in January and 6.0 percent over the past twelve months to a seasonally-adjusted annualized rate of 4.1 million units sold, the lowest level since June 2012. Regionally, all areas posted negative growth rates on a monthly and annual basis led by the West, which fell 8.3 percent and 14.6 percent, respectively. The median sales price of existing single-family homes was $188,900, a decline of 4.4 percent for the month, but an improvement of 10.4 percent since January 2013. The inventory of homes ticked up 3.0 percent over the month to 1.7 million homes available for sale, which is a 5.0 month supply at the current sales pace.