Existing home sales in the US unexpectedly sank 2.7 percent to 5.858 million in April of 2021, compared to forecasts of a 2 percent rise. It marks three consecutive months of declines as housing supply continues to fall short of demand. "We'll see more inventory come to the market later this year as further COVID-19 vaccinations are administered and potential home sellers become more comfortable listing and showing their homes. The falling number of homeowners in mortgage forbearance will also bring about more inventory", said Lawrence Yun, NAR's chief economist. All but one of the four major US regions witnessed month-over-month drops. On the year however, sales surged 33.9 percent. The median existing-home price for all housing types in April was at a record of $341,600, up 19.1 percent from April 2020. Total housing inventory amounted to 1.16 million units, up 10.5 percent from March's inventory and down 20.5 percent from one year ago. source: National Association of Realtors

Existing Home Sales in the United States averaged 4019.75 Thousand from 1968 until 2021, 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. United States Existing Home Sales - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Existing Home Sales in the United States is expected to be 6000.00 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 5400.00 in 12 months time. In the long-term, the United States Existing Home Sales is projected to trend around 4700.00 Thousand in 2022, according to our econometric models.

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United States Existing Home Sales

Actual Previous Highest Lowest Dates Unit Frequency
5850.00 6010.00 7250.00 1370.00 1968 - 2021 Thousand Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-22 02:00 PM Existing Home Sales MoM Mar -3.7% -6.3% 0.8% 0.5%
2021-04-22 02:00 PM Existing Home Sales Mar 6.01M 6.24M 6.19M 6.25M
2021-05-21 02:00 PM Existing Home Sales MoM Apr -2.7% -3.7% 2% 0.7%
2021-05-21 02:00 PM Existing Home Sales Apr 5.85M 6.01M 6.09M 6.05M
2021-06-22 02:00 PM Existing Home Sales May 5.85M 5.75M 5.7M
2021-06-22 02:00 PM Existing Home Sales MoM May -2.7% -1%
2021-07-22 02:00 PM Existing Home Sales Jun
2021-07-22 02:00 PM Existing Home Sales MoM Jun


News Stream
Existing Home Sales Unexpectedly Fall
Existing home sales in the US unexpectedly sank 2.7 percent to 5.858 million in April of 2021, compared to forecasts of a 2 percent rise. It marks three consecutive months of declines as housing supply continues to fall short of demand. "We'll see more inventory come to the market later this year as further COVID-19 vaccinations are administered and potential home sellers become more comfortable listing and showing their homes. The falling number of homeowners in mortgage forbearance will also bring about more inventory", said Lawrence Yun, NAR's chief economist. All but one of the four major US regions witnessed month-over-month drops. On the year however, sales surged 33.9 percent. The median existing-home price for all housing types in April was at a record of $341,600, up 19.1 percent from April 2020. Total housing inventory amounted to 1.16 million units, up 10.5 percent from March's inventory and down 20.5 percent from one year ago.
2021-05-21
US Existing Home Sales Fall for 2nd Month
Sales of previously owned houses in the US fell 3.7% from the previous month to 6.010 million units in March of 2021, the lowest in 7 months but much worse than market forecasts of a 0.8 percent rise amid record-high home prices and gains. The median existing-home sales price in March rose by a record-breaking annual pace of 17.2% to a historic high of $329,100, with all regions posting double-digit price gains. Housing inventory slightly rose to 1.07 million units but was down by 28.2% year-over-year. Properties typically sold in 18 days, a record low. Compared to March 2020 when home sales first started to fall due to the pandemic, sales are higher by 12.3%. "Consumers are facing much higher home prices, rising mortgage rates, and falling affordability, however, buyers are still actively in the market. The sales for March would have been measurably higher, had there been more inventory" said Lawrence Yun, NAR's chief economist.
2021-04-22
US Existing Home Sales at 6-Month Low
Sales of previously owned houses in the US plunged 6.6% from the previous month to 6.22 million units in February of 2021, the least in 6 months and much worse than market forecasts of a 3 percent drop as supply dropped the most on record. Total housing inventory at the end of February amounted to 1.03 million units, equal to January’s inventory and down 29.5% from one year ago. Meanwhile, the median existing-home price for all housing types was $313,000, up 15.8% from February 2020 as prices rose in every region. Only the West saw an increase in February while all the other regions recorded declines. "Despite the drop in home sales for February – which I would attribute to historically-low inventory – the market is still outperforming pre-pandemic levels," said Lawrence Yun, NAR’s chief economist. "Various stimulus packages are expected and they will indeed help, but an increase in inventory is the best way to address surging home costs", Lawrence added.
2021-03-22
Existing Home Sales Rise for 2nd Month
Sales of previously owned houses in the US were up 0.6% from the previous month to 6.69 million units in January of 2021, beating market forecasts of 6.61 million continued to be supported by historically low mortgage rates and demand for bigger space. Year-on-year, sales jumped 23.7 percent, 107 straight months of gains. The median existing-home price was $303,900, up 14.1 percent from January 2020, as prices increased in every region. There were 1.04 million homes for sale at the end of January, a 26 percent drop from a year ago. At the current sales pace, there is now a 1.9-month supply, the lowest on record. “Home sales are continuing to play a part in propping up the economy. With additional stimulus likely to pass and several vaccines now available, the housing outlook looks solid for this year”, said Lawrence Yun, chief economist for the NAR.
2021-02-19

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.