Existing home sales in the US which include completed transactions of single-family homes, town homes, condominiums and co-ops jumped 14.5 percent to a seasonally adjusted annual rate of 4.58 million in February 2023, snapping a 12-month slide and representing the largest monthly percentage increase since July 2020. Markets were expecting a smaller 5 percent rebound. The median existing-home sales price decreased 0.2% from the previous year to $363,000. The inventory of unsold existing homes was unchanged from the prior month at 980,000 at the end of February, or the equivalent of 2.6 months' supply at the current monthly sales pace. "Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines," said NAR Chief Economist Lawrence Yun. "Moreover, we're seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs." source: National Association of Realtors

Existing Home Sales in the United States averaged 4064.56 Thousand from 1968 until 2023, reaching an all time high of 7250.00 Thousand in September of 2005 and a record low of 1370.00 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 2023.

Existing Home Sales in the United States is expected to be 4000.00 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 5550.00 Thousand in 2024 and 5160.00 Thousand in 2025, according to our econometric models.

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United States Existing Home Sales



Calendar GMT Actual Previous Consensus TEForecast
2023-02-21 03:00 PM Jan 4M 4.03M 4.1M 4.1M
2023-03-21 02:00 PM Feb 4.58M 4M 4.2M 4.1M
2023-04-20 02:00 PM Mar 4.58M 4.0M


Related Last Previous Unit Reference
Building Permits 1550.00 1339.00 Thousand Feb 2023
Housing Starts 1450.00 1321.00 Thousand units Feb 2023
Pending Home Sales -24.10 -33.90 percent Jan 2023
Existing Home Sales 4580.00 4000.00 Thousand Feb 2023
Housing Index 392.10 392.40 points Dec 2022
Mortgage Rate 6.48 6.71 percent Mar 2023
Existing Home Sales MoM 14.50 -0.70 percent Feb 2023
Total Housing Inventory 980.00 970.00 Thousands Jan 2023
Pending Home Sales MoM 8.10 1.10 percent Jan 2023
House Price Index YoY 6.60 8.20 percent Dec 2022
Single Family Home Prices 359000.00 366900.00 USD Jan 2023

United States Existing Home Sales
In the United States, Existing Home Sales occur when the mortgages are closed. Mortgage closing usually takes place 30-60 days after the sales contract is closed.
Actual Previous Highest Lowest Dates Unit Frequency
4580.00 4000.00 7250.00 1370.00 1968 - 2023 Thousand Monthly
SA

News Stream
US Existing Home Sales Rise More than Expected
Existing home sales in the US which include completed transactions of single-family homes, town homes, condominiums and co-ops jumped 14.5 percent to a seasonally adjusted annual rate of 4.58 million in February 2023, snapping a 12-month slide and representing the largest monthly percentage increase since July 2020. Markets were expecting a smaller 5 percent rebound. The median existing-home sales price decreased 0.2% from the previous year to $363,000. The inventory of unsold existing homes was unchanged from the prior month at 980,000 at the end of February, or the equivalent of 2.6 months' supply at the current monthly sales pace. "Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines," said NAR Chief Economist Lawrence Yun. "Moreover, we're seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs."
2023-03-21
US Existing Home Sales Down for 12th Month
Existing home sales in the US which include completed transactions of single-family homes, town homes, condominiums and co-ops declined 0.7% to a seasonally adjusted annual rate of 4.0 million in January of 2023, a twelfth straight month of decreases, and compared to forecasts of 4.1 million. It is the lowest reading since October of 2010. Decreases were reported in the East and Midwest while the South and the West registered increases. The median existing-home sales price increased 1.3% from one year ago to $359,000. The inventory of unsold existing homes grew from the prior month to 980,000 at the end of January, or the equivalent of 2.9 months’ supply at the current monthly sales pace. “Home sales are bottoming out. Prices vary depending on a market’s affordability, with lower-priced regions witnessing modest growth and more expensive regions experiencing declines”, said NAR Chief Economist Lawrence Yun.
2023-02-21
US Existing Home Sales Fall to 2010-Lows
Existing home sales in the US which include completed transactions of single-family homes, town homes, condominiums and co-ops, fell 1.5% to a seasonally adjusted annual rate of 4.02 million in December of 2022, slightly above market forecasts of 3.96 million. It marks an eleventh straight month of falling home sales, the longest stretch since 1999, and the lowest level since November of 2010, as buyers continue to face limited inventory and high mortgage rates. Total housing inventory was 970,000 units, which was down 13.4% from November but up 10.2% from one year ago. The median existing-home price for all housing types was $366,900, an increase of 2.3% from December 2021, as prices rose in all regions. “However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year”, said NAR Chief Economist Lawrence Yun.
2023-01-20