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.