Sales of previously owned houses in the US increased 2.4% from the previous month to a seasonally adjusted annual rate of 6 million units in August of 2020. That is the highest reading since December of 2006 and in line with expectations. Single family sales went up 1.7% and those of condos 8.6%. Home sales have climbed in every region for the third straight month. There were 1.49 million previously owned homes on the market in August, down from 1.83 million a year ago. The median existing house price increased to a record USD 310,600. Year-on-year, existing home sales went up 10.5%. "Home sales continue to amaze, and there are plenty of buyers in the pipeline ready to enter the market. Further gains in sales are likely for the remainder of the year, with mortgage rates hovering around 3% and with continued job recovery. The need for housing will grow even further, especially in areas that are attractive to those who can work from home", Lawrence Yun, NAR’s chief economist said.

Existing Home Sales in the United States averaged 3989.37 Thousand from 1968 until 2020, 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 September of 2020. source: National Association of Realtors

Existing Home Sales in the United States is expected to be 5900.00 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 6000.00 in 12 months time. In the long-term, the United States Existing Home Sales is projected to trend around 5200.00 Thousand in 2021 and 4700.00 Thousand in 2022, according to our econometric models.

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United States Existing Home Sales

Actual Previous Highest Lowest Dates Unit Frequency
6000.00 5860.00 7250.00 1370.00 1968 - 2020 Thousand Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-21 02:00 PM Existing Home Sales MoM Jul 24.7% 20.2% 14.7% 10.2%
2020-08-21 02:00 PM Existing Home Sales Jul 5.86M 4.7M 5.38M 5.2M
2020-09-22 02:00 PM Existing Home Sales MoM Jul 2.4% 24.7% 2.4% 0.9%
2020-09-22 02:00 PM Existing Home Sales Aug 6M 5.86M 6M 5.91M
2020-10-22 02:00 PM Existing Home Sales Sep 2.4% -1%
2020-11-19 03:00 PM Existing Home Sales Oct
2020-12-22 03:00 PM Existing Home Sales Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
US Existing Home Sales Highest in 14 Years
Sales of previously owned houses in the US increased 2.4% from the previous month to a seasonally adjusted annual rate of 6 million units in August of 2020. That is the highest reading since December of 2006 and in line with expectations. Single family sales went up 1.7% and those of condos 8.6%. Home sales have climbed in every region for the third straight month. There were 1.49 million previously owned homes on the market in August, down from 1.83 million a year ago. The median existing house price increased to a record USD 310,600. Year-on-year, existing home sales went up 10.5%. "Home sales continue to amaze, and there are plenty of buyers in the pipeline ready to enter the market. Further gains in sales are likely for the remainder of the year, with mortgage rates hovering around 3% and with continued job recovery. The need for housing will grow even further, especially in areas that are attractive to those who can work from home", Lawrence Yun, NAR’s chief economist said.
2020-09-22
US Existing Home Sales Highest since 2006
Sales of previously owned houses in the US jumped 24.7 percent from the previous month to a seasonally adjusted annual rate of 5.86 million units in July of 2020. That was a new record increase in existing home sales, bringing the total to the highest since December of 2006 amid low interest rates. Single family sales went up 23.9 percent and those of condos 31.8 percent. Each of the four major regions attained double-digit increases. There were 1.5 million previously owned homes on the market in July, down from 1.9 million a year ago. The median existing house price increased to a record USD 304,100. Year-on-year, existing home sales went up 8.7 percent. “With the sizable shift in remote work, current homeowners are looking for larger homes and this will lead to a secondary level of demand even into 2021”, Lawrence Yun, NAR’s chief economist said.
2020-08-21
US Existing Home Sales Rise the Most on Record
Sales of previously owned houses in the US jumped 20.7 percent from the previous month to a seasonally adjusted annual rate of 4.72 million units in June 2020 from a near decade low of 3.91 million in May, but below market expectations of 4.78 million. That was the largest increase in existing home sales since the series began in 1968 as mortgage rates remained at record low levels and as the economy reopened from coronavirus-induced restrictions. Home sales rose in all four regions in June. There were 1.57 million previously owned homes on the market in June, down 18.2 percent from a year ago. The median existing house price increased 3.5 percent from a year ago to a record USD 295,300 in June. Year-on-year, existing home sales dropped 11.3 percent.
2020-07-22
US Existing Home Sales Fall for 3rd Month
Sales of previously owned houses in the US dropped 9.7 percent from the previous month to a seasonally adjusted annual rate of 3.91 million units in May of 2020, below market expectations of 4.12 million. It is the lowest reading since October of 2010 as the coronavirus continues to take a toll on the economy. Declines were seen in all regions, although the Northeast experienced the greatest drop. Year-on-year, sales were down 26.6 percent, the biggest drop since 1982. The median existing-home price for all housing types in May was $284,600, up 2.3 percent from May 2019 ($278,200). Total housing inventory at the end of May totalled 1.55 million units, up 6.2 percent from April, and down 18.8 percent from one year ago. "Home sales will surely rise in the upcoming months with the economy reopening, and could even surpass one-year-ago figures in the second half of the year”, Lawrence Yun, NAR’s chief economist said.
2020-06-22

United States Existing Home Sales
Existing Home Sales occurs when the mortgage is closed. Mortgage closing usually takes place 30-60 days after the sales contract is closed. .