Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales growth was unchanged from February to March, holding at a seasonally-adjusted annualized rate of 4.04 million units sold. Regionally, monthly price changes ranged from a 4.3 percent decline in the West to an 8.9 percent in the Northeast. On a year-over-year basis, existing home sales slipped 7.3 percent compared to last March and are down throughout all regions. Meanwhile, the median price of existing single-family home sales was $198,200, showing an increase of 4.9 percent for the month and 7.4 percent annually. The available inventory of existing single-family homes for sale was 1.74 million units, representing a 5.2 month supply at the current sales pace.