Sales of previously owned houses in the US fell 2.2 percent from the previous month to a seasonally adjusted annual rate of 5.38 million in September 2019, and compared with market expectations of 5.45 million. Sales of single family homes dropped 2.6 percent to 4.78 million, following a 1.4 percent gain in August; while sales of condos rose 1.7 percent to 0.60 million, the same as in the prior month. The median house price stood at $272,100 in September, compared to $278,900 in August and $278,200 a year earlier. The months' worth of supply increased to 4.1 from 4.0. Year-on-year, existing home sales went up 3.9 percent. Existing Home Sales in the United States averaged 3967.76 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 5200.00 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 5180.00 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.