Existing home sales rebound in July

Based on current sales, there were 3.5 months of supply at the end of January, down from 3.9 months in January. Analysts consider six months of supply to be roughly balanced between supply and demand. The median existing-home price increased from $249,300 in January to $249,500 in February (not seasonally adjusted).

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Existing-Home Sales data release for July 2019 is scheduled for Wednesday, August 21, 2019. NAR Media Communications issues a news release on or near the 25th of each month with the latest existing-home sales figures.

WASHINGTON – Americans stepped up their purchases of new homes in July, with sales surging in the Northeast. The Commerce Department says new-home sales rose 5.4 percent last month to a.

Existing Home Sales Rebound in August – September 23, 2010 On the heels of moderate improvement in August housing starts and building permits, the National Association of Realtors, a private industry group, earlier this morning reported that sales of existing homes had ticked up by just over 7% last month.

 · Sales were down 1.5 percent from September 2016, the first year-over-year decline since July 2016. Harvey, which hit Texas in the last week of August, and Irma, which battered Florida in early September, had already affected sales for August. Texas and Florida make up more than 18 percent of the nation’s existing home sales.

all these forces was a surge in both new and existing home sales in February. After surging in February, existing home sales fell by 4.9 percent in March, to a 5,210,000 unit annual rate. This is still above the sales rates for December and January.

Sales of existing homes were up strongly from June in the West, among the weakest regions in prior months, but were down in every other region – especially in the Northeast. The median (seasonally adjusted) price of existing homes sold in July was $257,200, up 4.5 percent from a year ago and 0.8 percent from June, the first monthly gain after.

The uptick in sales of new single-family homes in June reversed two months of declines, but sales in May were lower than.

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Regionally, sales in the Northeast, which account for the majority of existing home sales, rose 4.7% to 670,000 units, almost in line with the prior-year period.

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