Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales slipped 0.2 percent in March to a seasonally-adjusted annualized rate of 4.3 million units sold, representing a 9.1 percent improvement over the past 12 months. Regionally, all areas made strong to moderate annual gains while the monthly pace of sales ranged from a 2.8 percent decline in the West to a 1.9 percent increase in the Midwest. The median sales price of existing single-family homes rose 6.7 percent over the month and 12.1 percent annually to $185,100, which is the highest level since August. The inventory and monthly supply of existing single-family homes made slight improvements for the month—up 2.4 percent and 2.2 percent, respectively—but continue to post sharp annual declines, down 16.3 percent and 23.0 percent.