Sales of previously owned houses in the US fell 1.3 percent from the previous month to a seasonally adjusted annual rate of 5.46 million units in January of 2020, above market expectations of 5.43 million. Sales of single family homes went down 1.2 percent to 4.85 million in January and sales of condos dropped 1.6 percent to 0.610 million. The median house price stood at $266,300 in January, below $274,500 in December which was the lowest since January 2016. There were 1.420 million houses available; at January's sales pace, it would take 3.1 months to clear the current inventory, up from 3 months in December.

Existing Home Sales in the United States averaged 3976.78 Thousand from 1968 until 2020, 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. source: National Association of Realtors

Existing Home Sales in the United States is expected to be 5150.00 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 4600.00 in 12 months time. In the long-term, the United States Existing Home Sales is projected to trend around 4700.00 Thousand in 2021, according to our econometric models.


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United States Existing Home Sales

Actual Previous Highest Lowest Dates Unit Frequency
5460.00 5530.00 7250.00 1370.00 1968 - 2020 Thousand Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-01-22 03:00 PM Existing Home Sales MoM Dec 3.6% -1.7% 1.3% 1.1%
2020-01-22 03:00 PM Existing Home Sales Dec 5.54M 5.35M 5.43M 5.41M
2020-02-21 03:00 PM Existing Home Sales MoM Jan -1.3% 3.9% -1.8% -2.2%
2020-02-21 03:00 PM Existing Home Sales Jan 5.46M 5.53M 5.43M 5.42M
2020-03-20 02:00 PM Existing Home Sales Feb 5.46M 5.47M
2020-04-21 02:00 PM Existing Home Sales Mar
2020-05-21 02:00 PM Existing Home Sales Apr
2020-06-22 02:00 PM Existing Home Sales May


News Stream
US Existing Home Sales Fall Less than Expected
Sales of previously owned houses in the US went down 1.3 percent from the previous month to a seasonally adjusted annual rate of 5.46 million units in January of 2020, above market expectations of 5.43 million. Sales of single family homes dropped 1.2 percent to 4.85 million in January and sales of condos declined 1.6 percent to 0.610 million. The median house price stood at $266,300 in January, below $274,500 in December which was the lowest since January 2016. There were 1.420 million houses available; at January's sales pace, it would take 3.1 months to clear the current inventory, up from 3 months in December.
2020-02-21
US Existing Home Sales Rise to Near 2-Year High
Sales of previously owned houses in the US increased 3.6 percent from the previous month to a seasonally adjusted annual rate of 5.54 million units in December 2019, above market expectations of a 1.3 percent rise. It is the highest level since February 2018. Sales of single family homes went up 2.7 percent to 4.92 million in December and sales of condos surged 10.7 percent to 0.620 million. The median house price stood at $274,500 in December, up 7.8 percent from last year's level and the most since January 2016. There were 1.40 million houses available; at December's sales pace, it would take 3.0 months to clear the current inventory, down from 3.7 months in November. In 2019, total existing-home sales ended at 5.34 million, the same level as in 2018, as sales in the South region (+2.2 percent) offset declines in the West (-1.8 percent) and Midwest (-1.6 percent), as the Northeast remained unchanged. House prices increased 4.8 percent in 2019.
2020-01-22
US Existing Home Sales Fall More than Expected
Sales of previously owned houses in the US declined 1.7 percent from the previous month to a seasonally adjusted annual rate of 5.35 million units in November of 2019, compared with market expectations of 0.2 percent drop as shortage of properties for sale is hitting real estate market. Sales of single family homes went down 1.2 percent to 4.79 million, following a 1.7 percent rise in October and sales of condos slumped 5.1 percent to 0.560 million. The median house price stood at $271,300 in November, up 5.4 percent from last year's level. There were 1.64 million houses available, the lowest November reading on record. At November's sales pace, it would take 3.7 months to clear the current inventory, down from 4 months a year ago. The October reading was revised lower to 5.44 million from 5.46 million.
2019-12-19
US Existing Home Sales Rise More than Expected
Sales of previously owned houses in the US rose 1.9 percent from the previous month to a seasonally adjusted annual rate of 5.46 million units in October 2019, compared with market expectations of 1.4 percent increase. Sales of single family homes were 2.1 percent higher at 4.87 million, following a 2.9 percent drop in September; while sales of condos were unchanged for the second consecutive month at 0.59 million. The median house price stood at $270,900 in October, up 6.2 percent from last year's level. At October's sales pace, it would take 3.9 months to clear the current inventory, down from 4.3 months a year ago.
2019-11-21

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. .