Existing home sales in the US increased 1.4% mom to 5.86 million in June of 2021, the first rise in five months and compared to market forecasts of 5.9 million."Supply has modestly improved in recent months due to more housing starts and existing homeowners listing their homes, all of which has resulted in an uptick in sales. Home sales continue to run at a pace above the rate seen before the pandemic. At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end of the year", said Lawrence Yun, NAR's chief economist. Sales were unchanged in the South but rose in the other three major regions of the US. Total housing inventory amounted to 1.25 million units, up 3.3% from May's inventory and down 18.8% from one year ago (1.54 million). The median existing-home price for all housing types was $363,300, up 23.4% from June 2020. source: National Association of Realtors

Existing Home Sales in the United States averaged 4025.36 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 August 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 5500.00 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.

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United States Existing Home Sales

Actual Previous Highest Lowest Dates Unit Frequency
5860.00 5780.00 7250.00 1370.00 1968 - 2021 Thousand Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-22 02:00 PM Existing Home Sales MoM May -0.9% -2.7% -1%
2021-06-22 02:00 PM Existing Home Sales May 5.8M 5.85M 5.72M 5.7M
2021-07-22 02:00 PM Existing Home Sales MoM Jun 1.4% -1.2% 0.9%
2021-07-22 02:00 PM Existing Home Sales Jun 5.86M 5.78M 5.9M 5.85M
2021-08-23 02:00 PM Existing Home Sales Jul 5.86M
2021-08-23 02:00 PM Existing Home Sales MoM Jul 1.4%
2021-09-22 02:00 PM Existing Home Sales Aug
2021-09-22 02:00 PM Existing Home Sales MoM Jul


News Stream
US Existing Home Sales Rise for 1st Time in 5 Months
Existing home sales in the US increased 1.4% mom to 5.86 million in June of 2021, the first rise in five months and compared to market forecasts of 5.9 million."Supply has modestly improved in recent months due to more housing starts and existing homeowners listing their homes, all of which has resulted in an uptick in sales. Home sales continue to run at a pace above the rate seen before the pandemic. At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end of the year", said Lawrence Yun, NAR's chief economist. Sales were unchanged in the South but rose in the other three major regions of the US. Total housing inventory amounted to 1.25 million units, up 3.3% from May's inventory and down 18.8% from one year ago (1.54 million). The median existing-home price for all housing types was $363,300, up 23.4% from June 2020.
2021-07-22
US Existing Home Sales Down for 4th Month
Existing home sales in the US fell for the 4th consecutive month to 5.8 million in May of 2021, compared to forecasts of 5.72 million. It is the lowest reading in 11 months, with only one major region recording a month-over-month increase, while the other three regions saw sales decline. The median existing-home price for all housing types was $350,300, up 23.6% from May 2020. Total housing inventory amounted to 1.23 million units, up 7.% from April and down 20.6% from one year ago. "Home sales fell moderately in May and are now approaching pre-pandemic activity. Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market", Lawrence Yun, NAR's chief economist, said.
2021-06-22
Existing Home Sales Unexpectedly Fall
Existing home sales in the US unexpectedly sank 2.7 percent to 5.858 million in April of 2021, compared to forecasts of a 2 percent rise. It marks three consecutive months of declines as housing supply continues to fall short of demand. "We'll see more inventory come to the market later this year as further COVID-19 vaccinations are administered and potential home sellers become more comfortable listing and showing their homes. The falling number of homeowners in mortgage forbearance will also bring about more inventory", said Lawrence Yun, NAR's chief economist. All but one of the four major US regions witnessed month-over-month drops. On the year however, sales surged 33.9 percent. The median existing-home price for all housing types in April was at a record of $341,600, up 19.1 percent from April 2020. Total housing inventory amounted to 1.16 million units, up 10.5 percent from March's inventory and down 20.5 percent from one year ago.
2021-05-21
US Existing Home Sales Fall for 2nd Month
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 actively in the market. The sales for March would have been measurably higher, had there been more inventory" said Lawrence Yun, NAR's chief economist.
2021-04-22

United States Existing Home Sales
Existing Home Sales occurs when the mortgage is closed. Mortgage closing usually takes place 30-60 days after the sales contract is closed.