Existing home sales in the US declined by 3.4% to a seasonally adjusted annual rate of 5.41 million in May of 2022, the lowest since June of 2020 and broadly in line with estimates. Sales went down for a fourth consecutive month as rising mortgage rates and decades-high inflation eat into household income. Total housing inventory registered 1,160,000 units, an increase of 12.6% from April and the median existing-home price for all housing types was $407,600, up 14.8% from May 2021. "Further sales declines should be expected in the upcoming months given housing affordability challenges from the sharp rise in mortgage rates this year," said Lawrence Yun, NAR's chief economist. source: National Association of Realtors

Existing Home Sales in the United States averaged 4058.70 Thousand from 1968 until 2022, 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 July of 2022.

Existing Home Sales in the United States is expected to be 5500.00 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 5000.00 Thousand in 2023 and 4700.00 Thousand in 2024, according to our econometric models.

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United States Existing Home Sales



Calendar GMT Actual Previous Consensus TEForecast
2022-05-19 02:00 PM Apr 5.61M 5.75M 5.65M 5.6M
2022-06-21 02:00 PM May 5.41M 5.6M 5.4M 5.3M
2022-07-20 02:00 PM Jun 5.41M


Related Last Previous Unit Reference
Building Permits 1695.00 1823.00 Thousand May 2022
Housing Starts 1549.00 1810.00 Thousand units May 2022
Pending Home Sales -13.58 -9.24 percent May 2022
Existing Home Sales 5410.00 5600.00 Thousand May 2022
Housing Index 392.86 386.82 points Apr 2022
Pending Home Sales MoM 0.70 -4.00 percent May 2022
Total Housing Inventory 1160.00 1030.00 Thousands May 2022
Existing Home Sales MoM -3.40 -2.60 percent May 2022
House Price Index YoY 18.80 19.10 percent Apr 2022
Single Family Home Prices 407600.00 391200.00 USD May 2022

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
5410.00 5600.00 7250.00 1370.00 1968 - 2022 Thousand Monthly
SA

News Stream
US Existing Home Sales Fall for 4th Month
Existing home sales in the US declined by 3.4% to a seasonally adjusted annual rate of 5.41 million in May of 2022, the lowest since June of 2020 and broadly in line with estimates. Sales went down for a fourth consecutive month as rising mortgage rates and decades-high inflation eat into household income. Total housing inventory registered 1,160,000 units, an increase of 12.6% from April and the median existing-home price for all housing types was $407,600, up 14.8% from May 2021. "Further sales declines should be expected in the upcoming months given housing affordability challenges from the sharp rise in mortgage rates this year," said Lawrence Yun, NAR's chief economist.
2022-06-21
US Existing Home Sales Fall for 3rd Month
Existing home sales in the US declined by 2.4% to a seasonally adjusted annual rate of 5.61 million in April of 2022, the lowest since June of 2020 and slightly below forecasts of 5.65 million. Sales went down for a third consecutive month, in another sign the housing market is cooling, as higher home prices and mortgage rates have reduced buyer activity. Total housing inventory amounted to 1,030,000 units, up 10.8% from March and the median existing-home price for all housing types was $391,200, up 14.8% from April 2021. "It looks like more declines are imminent in the upcoming months, and we'll likely return to the pre-pandemic home sales activity after the remarkable surge over the past two years", said Lawrence Yun, NAR's chief economist.
2022-05-19
US Existing Home Sales Fall for 2nd Month
Existing home sales in the US fell 2.7% mom to a seasonally adjusted annualized rate of 5.77 million in March of 2022, the lowest since June of 2020 and compared to forecasts of 5.8 million. It is the second consecutive month of falls in home sales as the housing market starts to feel the impact of rising mortgage rates and inflation on the purchasing power although median existing house price hit an all-time high of $375,300. Sales fell in the Northeast, South and Midwest but were unchanged in the South. The inventory of unsold existing homes increased to 950,000. That would support 2.0 months at the monthly sales pace. February figures were also revised lower to 5.93 million.
2022-04-20