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Previous Month: 4,020,000
- Actual: 4,000,000
- Change from Previous Month: -0.5% (-2,000 homes)
- Change from A Year Ago: -1.96% (-8,000 homes)
- Inventory: 1,450,000 homes.
(4.4 months supply | +250,000 [+20.83%] homes year-on-year.)
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The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
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Median Price: $414,000
- Price Change from A Year Ago: +1.82% (+$7,400)
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From Today's Report:
"...'Home sales have been at 75% of normal or pre-pandemic activity for the past three years, even with seven million jobs added to the economy,' said NAR Chief Economist Lawrence Yun. 'Pent-up housing demand continues to grow, though not realized. Any meaningful decline in mortgage rates will help release this demand.'
'At the macro level, we are still in a mild seller's market,' Yun said. 'But with the highest inventory levels in nearly five years, consumers are in a better situation to negotiate for better deals.'..."
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