Existing home sales in the US, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.8% mom to an annualized 6.34 million in October of 2021, the highest since January and above market forecasts of 6.2 million. Sales were up in the Midwest and the South while the Northeast reported a drop, and the West held steady. Total housing inventory amounted to 1.25 million units, down 0.8% from September. The median existing-home price was $353,900, up 13.1% from October 2020, as prices climbed in each region. "Home sales remain resilient, despite low inventory and increasing affordability challenges. Inflationary pressures, such as fast-rising rents and increasing consumer prices, may have some prospective buyers seeking the protection of a fixed, consistent mortgage payment", said Lawrence Yun, NAR's chief economist. source: National Association of Realtors
Existing Home Sales in the United States averaged 4038.39 Thousand from 1968 until 2021, reaching an all time high of 7250 Thousand in September of 2005 and a record low of 1370 Thousand in March of 1970. This page provides the latest reported value for - United States Existing Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Existing Home Sales - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Existing Home Sales in the United States is expected to be 6100.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Existing Home Sales is projected to trend around 5500.00 Thousand in 2022 and 4700.00 Thousand in 2023, according to our econometric models.