Sales of previously owned houses in the US fell 3.7% from the previous month to 6.010 million units in March of 2021, the lowest in 7 months but much worse than market forecasts of a 0.8 percent rise amid record-high home prices and gains. The median existing-home sales price in March rose by a record-breaking annual pace of 17.2% to a historic high of $329,100, with all regions posting double-digit price gains. Housing inventory slightly rose to 1.07 million units but was down by 28.2% year-over-year. Properties typically sold in 18 days, a record low. Compared to March 2020 when home sales first started to fall due to the pandemic, sales are higher by 12.3%. "Consumers are facing much higher home prices, rising mortgage rates, and falling affordability, however, buyers are still active in the market. The sales for March would have been measurably higher, had there been more inventory" said Lawrence Yun, NAR's chief economist. source: National Association of Realtors
Existing Home Sales in the United States averaged 4016.89 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 April of 2021.
Existing Home Sales in the United States is expected to be 6400.00 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 5400.00 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.