Existing home sales in the US unexpectedly jumped 7% to a seasonally adjusted annual rate of 6.29 million units in September of 2021, the strongest level in 8 months. Each of the four major US regions witnessed increases in home sales. Total housing inventory amounted to 1.27 million units, down 0.8% from August. The median existing-home price for all housing types was $352,800, up 13.3% from September 2020, marking 115 straight months of year-over-year increases. "Some improvement in supply during prior months helped nudge up sales in September. Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year. As mortgage forbearance programs end, and as homebuilders ramp up production - despite the supply-chain material issues - we are likely to see more homes on the market as soon as 2022", said Lawrence Yun, NAR's chief economist. source: National Association of Realtors
Existing Home Sales in the United States averaged 4034.82 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 October of 2021.
Existing Home Sales in the United States is expected to be 5600.00 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.