Existing home sales in the US fell 4.6% to a seasonally adjusted annual rate of 6.18 million in December of 2021, the lowest in 4 months and below market forecasts of 6.44 million mostly due to low inventory. Each of the four major US regions witnessed sales fall in the last month of 2021. Total housing inventory fell 18% to 910K units and the median existing-home price for all housing types was $358,000, up 15.8% from last year. Considering full 2021 however, sales increased 8.5% to 6.12 million, the highest since 2006. "December saw sales retreat, but the pull back was more a sign of supply constraints than an indication of a weakened demand for housing. This year, consumers should prepare to endure some increases in mortgage rates. I also expect home prices to grow more moderately by 3% to 5% in 2022, and then similarly in 2023 as more supply reaches the market", said Lawrence Yun, NAR's chief economist. source: National Association of Realtors

Existing Home Sales in the United States averaged 4045.46 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 January of 2022.

Existing Home Sales in the United States is expected to be 6200.00 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 2023 and 4700.00 Thousand in 2024, according to our econometric models.

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United States Existing Home Sales


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
6180.00 6480.00 7250.00 1370.00 1968 - 2021 Thousand Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-22 03:00 PM Nov 6.46M 6.34M 6.52M 6.51M
2022-01-20 03:00 PM Dec 6.18M 6.48M 6.44M 6.35M
2022-02-18 03:00 PM Jan 6.18M


Related Last Previous Unit Reference
Building Permits 1873.00 1717.00 Thousand Dec/21
Housing Starts 1702.00 1678.00 Thousand units Dec/21
Pending Home Sales -2.70 -1.40 percent Nov/21
Existing Home Sales 6180.00 6480.00 Thousand Dec/21
Housing Index 358.26 354.44 points Oct/21
Existing Home Sales MoM -4.60 2.20 percent Dec/21
Pending Home Sales MoM -2.20 7.50 percent Nov/21
House Price Index YoY 17.40 17.70 percent Oct/21
Single Family Home Prices 358000.00 353900.00 USD Dec/21


News Stream
US Existing Home Sales Fall in December
Existing-home sales in the US fell 4.6% to a seasonally adjusted annual rate of 6.18 million in December of 2021, the lowest in 4 months and below market forecasts of 6.44 million mostly due to low inventory. Each of the four major US regions witnessed sales fall in the last month of 2021. Total housing inventory fell 18% to 910K units and the median existing-home price for all housing types was $358,000, up 15.8% from last year. Considering full 2021 however, sales increased 8.5% to 6.12 million, the highest since 2006. "December saw sales retreat, but the pullback was more a sign of supply constraints than an indication of a weakened demand for housing. This year, consumers should prepare to endure some increases in mortgage rates. I also expect home prices to grow more moderately by 3% to 5% in 2022, and then similarly in 2023 as more supply reaches the market", said Lawrence Yun, NAR's chief economist.
2022-01-20
US Existing Home Sales Rise Less than Expected
Existing home sales in the US, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, grew 1.9% from October to a seasonally adjusted annual rate of 6.46 million in November, below market forecasts of 6.52 million. Sales were up in the Midwest, the South and in the West while in the Northeast were flat. Total housing inventory amounted to 1.11 million units, down 9.8% from October. The median existing-home price was $353,900, up 13.9% from November 2020, as prices increased in each region, with the highest pace of appreciation in the South region. “Determined buyers were able to land housing before mortgage rates rise further in the coming months,” said Lawrence Yun, NAR’s chief economist. “Locking in a constant and firm mortgage payment motivated many consumers who grew weary of escalating rents over the last year.
2021-12-22
US Existing Home Sales Highest since January
Existing home sales in the US, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.8% mom to an annualized 6.34 million in October of 2021, the highest since January and above market forecasts of 6.2 million. Sales were up in the Midwest and the South while the Northeast reported a drop, and the West held steady. Total housing inventory amounted to 1.25 million units, down 0.8% from September. The median existing-home price was $353,900, up 13.1% from October 2020, as prices climbed in each region. "Home sales remain resilient, despite low inventory and increasing affordability challenges. Inflationary pressures, such as fast-rising rents and increasing consumer prices, may have some prospective buyers seeking the protection of a fixed, consistent mortgage payment", said Lawrence Yun, NAR's chief economist.
2021-11-22