Existing-home sales in the US unexpectedly declined by 2% mom to 5.88 million in August of 2021, well below market forecasts of 5.89 million as prices grew further and supply remained tight. Each of the four major U.S. regions experienced declines on both a month-over-month and a year-over-year perspective, breaking a two-month streak of increases. The inventory of unsold homes decreased by 1.5% to 1.29 million from July to August – equivalent to 2.6 months of the monthly sales pace. Also, the median existing-home price for all housing types was $356,700, up 14.9% from August 2020, as prices increased in each region. source: National Association of Realtors
Existing Home Sales in the United States averaged 4028.43 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 October of 2021.
Existing Home Sales in the United States is expected to be 5800.00 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 5500.00 Thousand in 2022 and 4700.00 Thousand in 2023, according to our econometric models.