Existing-home sales in the US, a measure of completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined 4.3% to a seasonally adjusted annualized rate of 4.19 million units in March 2024, partially reversing from a 9.5% rise in February and compared to forecasts of 4.2 million. "Home sales are stuck because interest rates have not made any major moves. More inventory is always welcomed in the current environment", said NAR Chief Economist Lawrence Yun. Among the four major US regions, sales slid in the Midwest, South and West, but rose in the Northeast for the first time since November 2023. Total housing inventory was 1.11 million units, up 4.7% from February and 14.4% from one year ago. Unsold inventory sits at a 3.2-month supply at the current sales pace, up from 2.9 months in February. The median existing-home price was $393,500, an increase of 4.8% from the previous year ($375,300). All four regions registered price gains. source: National Association of Realtors

Existing Home Sales in the United States decreased to 4190 Thousand in March from 4380 Thousand in February of 2024. Existing Home Sales in the United States averaged 4065.21 Thousand from 1968 until 2024, 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 May of 2024.

Existing Home Sales in the United States decreased to 4190 Thousand in March from 4380 Thousand in February of 2024. Existing Home Sales in the United States is expected to be 4150.00 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 5160.00 Thousand in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-21 02:00 PM
Existing Home Sales
Feb 4.38M 4M 3.94M 3.89M
2024-04-18 02:00 PM
Existing Home Sales
Mar 4.19M 4.38M 4.2M 4.28M
2024-05-22 02:00 PM
Existing Home Sales
Apr 4.19M


Related Last Previous Unit Reference
Building Permits 1467.00 1523.00 Thousand Mar 2024
Existing Home Sales 4190.00 4380.00 Thousand Mar 2024
Existing Home Sales MoM -4.30 9.50 percent Mar 2024
House Price Index YoY 7.00 6.50 percent Feb 2024
House Price Index 423.00 417.80 points Feb 2024
Housing Starts 1321.00 1549.00 Thousand units Mar 2024
MBA 30-Year Mortgage Rate 7.29 7.24 percent Apr 2024
Pending Home Sales YoY 0.10 -7.01 percent Mar 2024
Pending Home Sales MoM 3.40 1.60 percent Mar 2024
Existing Home Sales Prices 393500.00 383800.00 USD Mar 2024
Total Housing Inventory 1070.00 1010.00 Thousands Feb 2024

United States Existing Home Sales
In the United States, Existing Home Sales occur when the mortgages are closed. Mortgage closing usually takes place 30-60 days after the sales contract is closed.
Actual Previous Highest Lowest Dates Unit Frequency
4190.00 4380.00 7250.00 1370.00 1968 - 2024 Thousand Monthly
SA


News Stream
US Existing Home Sales Fall in March
Existing-home sales in the US, a measure of completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined 4.3% to a seasonally adjusted annualized rate of 4.19 million units in March 2024, partially reversing from a 9.5% rise in February and compared to forecasts of 4.2 million. "Home sales are stuck because interest rates have not made any major moves. More inventory is always welcomed in the current environment", said NAR Chief Economist Lawrence Yun. Among the four major US regions, sales slid in the Midwest, South and West, but rose in the Northeast for the first time since November 2023. Total housing inventory was 1.11 million units, up 4.7% from February and 14.4% from one year ago. Unsold inventory sits at a 3.2-month supply at the current sales pace, up from 2.9 months in February. The median existing-home price was $393,500, an increase of 4.8% from the previous year ($375,300). All four regions registered price gains.
2024-04-18
US Existing Home Sales Book Surprise Rise
Existing-home sales in the US unexpectedly soared 9.5% to a seasonally adjusted annualized rate of 4.38 million units in February 2024, the highest level in a year, compared to 4 million in January and market forecasts of 3.95 million, with additional housing supply helping to satisfy market demand. Among the four major US regions, sales jumped in the West, South and Midwest, and were unchanged in the Northeast. Total housing inventory was 1.07 million units, up 5.9% from January and 10.3% from one year ago (970,000). Unsold inventory sits at a 2.9-month supply at the current sales pace, down from 3.0 months in January but up from 2.6 months in February 2023. Meanwhile, the median existing-home price for all housing types in February was $384,500, an increase of 5.7% from the prior year ($363,600). All four US regions posted price increases.
2024-03-21
Existing Home Sales in the US Rebound
Existing-home sales in the US rose 3.1% month-over-month to a seasonally adjusted annualized rate of 4 million units in January 2024, the highest level in five months, compared to 3.88 million in December and market forecasts of 3.97 million. Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year. Sales accelerated in the Midwest, South and West, and remained steady in the Northeast. Total housing inventory was 1.01 million units, up 2% from December and unsold inventory sits at a 3-month supply at the current sales pace, down from 3.1 months in December. The median existing-home price for all housing types was $379,100, an all-time high for the month of January.
2024-02-22