Sales of previously owned houses in the US were up 0.6% from the previous month to 6.69 million units in January of 2021, beating market forecasts of 6.61 million continued to be supported by historically low mortgage rates and demand for bigger space. Year-on-year, sales jumped 23.7 percent, 107 straight months of gains. The median existing-home price was $303,900, up 14.1 percent from January 2020, as prices increased in every region. There were 1.04 million homes for sale at the end of January, a 26 percent drop from a year ago. At the current sales pace, there is now a 1.9-month supply, the lowest on record. “Home sales are continuing to play a part in propping up the economy. With additional stimulus likely to pass and several vaccines now available, the housing outlook looks solid for this year”, said Lawrence Yun, chief economist for the NAR. source: National Association of Realtors
Existing Home Sales in the United States averaged 4010.31 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 March of 2021.
Existing Home Sales in the United States is expected to be 5800.00 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 5200.00 in 12 months time. In the long-term, the United States Existing Home Sales is projected to trend around 4700.00 Thousand in 2022, according to our econometric models.