Existing home sales in the US which include completed transactions of single-family homes, town homes, condominiums and co-ops, fell 1.5% to a seasonally adjusted annual rate of 4.02 million in December of 2022, slightly above market forecasts of 3.96 million. It marks an eleventh straight month of falling home sales, the longest stretch since 1999, and the lowest level since November of 2010, as buyers continue to face limited inventory and high mortgage rates. Total housing inventory was 970,000 units, which was down 13.4% from November but up 10.2% from one year ago. The median existing-home price for all housing types was $366,900, an increase of 2.3% from December 2021, as prices rose in all regions. “However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year”, said NAR Chief Economist Lawrence Yun. source: National Association of Realtors
Existing Home Sales in the United States averaged 4064.06 Thousand from 1968 until 2022, reaching an all time high of 7250.00 Thousand in September of 2005 and a record low of 1370.00 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 February of 2023.
Existing Home Sales in the United States is expected to be 4700.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Existing Home Sales is projected to trend around 5550.00 Thousand in 2024 and 5160.00 Thousand in 2025, according to our econometric models.