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.