Sales of previously owned houses in the US declined 1.7 percent from the previous month to a seasonally adjusted annual rate of 5.35 million units in November of 2019, compared with market expectations of 0.2 percent drop as shortage of properties for sale is hitting real estate market. Sales of single family homes went down 1.2 percent to 4.79 million, following a 1.7 percent rise in October and sales of condos slumped 5.1 percent to 0.560 million. The median house price stood at $271,300 in November, up 5.4 percent from last year's level. There were 1.64 million houses available, the lowest November reading on record. At November's sales pace, it would take 3.7 months to clear the current inventory, down from 4 months a year ago. The October reading was revised lower to 5.44 million from 5.46 million. Existing Home Sales in the United States averaged 3972.31 Thousand from 1968 until 2019, reaching an all time high of 7250 Thousand in September of 2005 and a record low of 1370 Thousand in March of 1970. source: National Association of Realtors

Existing Home Sales in the United States is expected to be 5200.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Existing Home Sales in the United States to stand at 5180.00 in 12 months time. In the long-term, the United States Existing Home Sales is projected to trend around 4700.00 Thousand in 2020, according to our econometric models.

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United States Existing Home Sales

Actual Previous Highest Lowest Dates Unit Frequency
5350.00 5440.00 7250.00 1370.00 1968 - 2019 Thousand Monthly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-11-21 03:00 PM Existing Home Sales MoM Oct 1.9% -2.5% 1.4% 1.9%
2019-11-21 03:00 PM Existing Home Sales Oct 5.46M 5.36M 5.47M 5.48M
2019-12-19 03:00 PM Existing Home Sales MoM Nov -1.7% 1.5% -0.2% 0.8%
2019-12-19 03:00 PM Existing Home Sales Nov 5.35M 5.44M 5.44M
2020-01-22 03:00 PM Existing Home Sales Dec 5.35M 5.43M 5.41M


News Stream
2019-11-21
US Existing Home Sales Rise More than Expected
Sales of previously owned houses in the US rose 1.9 percent from the previous month to a seasonally adjusted annual rate of 5.46 million units in October 2019, compared with market expectations of 1.4 percent increase. Sales of single family homes were 2.1 percent higher at 4.87 million, following a 2.9 percent drop in September; while sales of condos were unchanged for the second consecutive month at 0.59 million. The median house price stood at $270,900 in October, up 6.2 percent from last year's level. At October's sales pace, it would take 3.9 months to clear the current inventory, down from 4.3 months a year ago.

2019-10-22
US Existing Home Sales Fall More than Expected
Sales of previously owned houses in the US fell 2.2 percent from the previous month to a seasonally adjusted annual rate of 5.38 million in September 2019, and compared with market expectations of 5.45 million. Sales of single family homes dropped 2.6 percent to 4.78 million, following a 1.4 percent gain in August; while sales of condos rose 1.7 percent to 0.60 million, the same as in the prior month. The median house price stood at $272,100 in September, compared to $278,900 in August and $278,200 a year earlier. The months' worth of supply increased to 4.1 from 4.0. Year-on-year, existing home sales went up 3.9 percent.

2019-09-19
US Existing Home Sales Hit 17-Month High
Sales of previously owned houses in the US rose 1.3 percent from the previous month to a seasonally adjusted annual rate of 5.49 million in August 2019, the highest level since March 2018 and above market expectations of 5.37 million. Buyers are benefiting from lower mortgage rates, low unemployment, rising wages and slower house price inflation. Sales of single family homes advanced 1.2 percent to 4.90 million, following a 2.8 percent jump in the previous month; and sales of condos increased 1.7 percent to 0.59 million, after being unchanged in July. The median house price stood at $278,200 in August, compared to $280,400 in July and $265,600 a year earlier. The months' worth of supply fell to 4.1 from 4.3. Year-on-year, existing home sales rose 2.6 percent, the second consecutive month of annual gains.

2019-08-21
US Existing Home Sales Rise in July
Sales of previously owned houses in the US rose 2.5 percent from the previous month to a seasonally adjusted annual rate of 5.42 million in July 2019, slightly above market expectations of 5.39 million. Sales of single family homes advanced 2.8 percent to 4.84 million, reversing a 1.1 percent decline in the previous month; while sales of condos were unchanged at 0.58 million, after a 3.3 percent slump in June. The median house price stood at $280,800 in July, compared to $285,300 in June and $269,300 a year earlier. The months' worth of supply fell to 4.2 from 4.4. Year-on-year, existing home sales rebounded 0.6 percent, the first annual gain in 17 months.

2019-07-23
US Existing Home Sales Fall More than Expected
Sales of previously owned houses in the US dropped 1.7 percent from the previous month to a seasonally adjusted annual rate of 5.27 million in June 2019, compared to May's 2.9 percent increase and market expectations of a 0.2 percent fall. Sales of single family homes declined 1.5 percent to 4.69 million, after a 2.8 percent advance in May; while sales of condos slumped 3.3 percent to 0.58 million, reversing a 3.4 percent growth in the prior month. The median house price went up to an all-time high of $285,700 in June from $278,200 in May and $277,700 a year earlier. The months' worth of supply rose to 4.4 from 4.3. Year-on-year, existing home sales dropped 2.2 percent, the 16th straight annual decline in home sales.

2019-06-21
US Existing Home Sales Beat Forecasts
Sales of previously owned houses in the US rose 2.5 percent from the previous month to a seasonally adjusted annual rate of 5.34 million in May of 2019. It follows an upwardly revised of 5.21 million and compares to market expectations of 5.25 million. Sales of single family homes jumped 2.6 percent to 4.75 million, rebounding from a 0.9 percent decline in April; while sales of condos increased 1.7 percent to 0.59 million, after a 7.4 percent surge in the prior month. The median house price increased to $277,700 from $266,900 in April and $265,100 a year earlier. The months' worth of supply went up to 4.3 from 4.2 in April. Year-on-year, existing home sales dropped 1.1 percent.


United States Existing Home Sales
Existing Home Sales occurs when the mortgage is closed. Mortgage closing usually takes place 30-60 days after the sales contract is closed. .

United States Housing Last Previous Highest Lowest Unit
Building Permits 1416.00 1474.00 2419.00 513.00 Thousand [+]
Housing Starts 1608.00 1375.00 2494.00 478.00 Thousand units [+]
New Home Sales 719.00 710.00 1389.00 270.00 Thousand units [+]
Pending Home Sales 7.40 4.90 30.90 -24.30 percent [+]
Existing Home Sales 5350.00 5440.00 7250.00 1370.00 Thousand [+]
Construction Spending 0.60 0.10 5.90 -4.80 percent [+]
Nahb Housing Market Index 75.00 76.00 78.00 8.00 [+]
Housing Index 0.20 0.70 1.20 -1.80 percent [+]
Mortgage Rate 3.87 3.91 10.56 3.47 percent [+]
Mortgage Applications 30.20 13.50 49.10 -38.80 percent [+]
Case Shiller Home Price Index 218.43 218.24 218.43 100.00 points [+]
Home Ownership Rate 64.80 64.10 69.20 62.90 percent [+]