Sales of previously owned houses in the US fell 0.4 percent from the previous month to a seasonally adjusted annual rate of 5.19 million in April 2019. It follows an unrevised 5.21 million and compares to market expectations of 5.35 million. Sales of single family homes dropped 1.1 percent to 4.62 million, after a 4.9 percent decline in March, while sales of condos rose 5.6 percent to 0.57 million, rebounding from a 5.3 percent fall in the prior month.The median house price increased to $267,300 from $259,700 in March and $257,900 a year earlier. The months' worth of supply went up to 4.2 from 3.8 in March. Year-on-year, existing home sales declined 4.4 percent. Existing Home Sales in the United States averaged 3956.19 Thousand from 1968 until 2019, reaching an all time high of 7250 Thousand in September of 2005 and a record low of 1370 Thousand in March of 1970.
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 4900.00 in 12 months time. In the long-term, the United States Existing Home Sales is projected to trend around 4700.00 Thousand in 2020, according to our econometric models.