Sales of previously owned houses in the US jumped 9.4% from the previous month to 6.54 million units in September of 2020, the most since May of 2006 and
above market expectations of 6.3 million. It was the fourth consecutive month of gains amid record-low interest rates and as people try to move away from the big cities as they have more flexible work arrangements due to the coronavirus pandemic. Each of the four major regions witnessed increases, with the Northeast seeing the highest climb. Sales in vacation destination counties have seen a strong acceleration since July, with a 34 percent year-over-year gain in September. There were 1.47 million previously owned homes on the market, the lowest ever since records begun in 1982 and down 19.2 percent from the previous year. The median existing house price jumped 14.8 percent compared to September of 2019 to a record USD 311,800. source: National Association of Realtors
Existing Home Sales in the United States averaged 3993.36 Thousand from 1968 until 2020, 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 October of 2020.
Existing Home Sales in the United States is expected to be 5500.00 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 5900.00 in 12 months time. In the long-term, the United States Existing Home Sales is projected to trend around 5200.00 Thousand in 2021 and 4700.00 Thousand in 2022, according to our econometric models.