Keeping you up to date on the latest data releases.
- Existing Home Sales
Existing single-family home sales fell 4.1 percent in October, but are up 5.2 percent over the past 12 months to a seasonally-adjusted annualized rate of nearly 4.5 million units sold. Regionally, all areas experienced drops in the pace of home sales during the month, ranging from a 1.7 percent decline in the Midwest to 7.2 percent decline in the West. However, the median sales price of existing single-family homes ticked up 0.5 percent for the month and 12.7 percent since last October to $199,500. Meanwhile, the inventory of available homes for sale fell 2.1 percent for the month to 1.8 million units, representing a five-month supply at the current sales pace.