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Previous Month: 4,130,000
- Actual: 4,060,000
- Change from Previous Month: -1.69% (-70,000 homes)
- Year-on-Year (Y-o-Y): +0.74% (+30,000 homes)
- Inventory: 1,540,000 homes.
(4.6 months supply | -10,000 [-0.65%] homes Y-o-Y.)
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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: $434,100
- Price Change from A Year Ago: +1.97% (+$8,400)
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From Today's Report:
"...'Home sales have been remarkably stable, even amid the rising mortgage rate environment of the past few months,' said NAR Chief Economist Lawrence Yun. 'Year-to-date sales are up 2.4% and there’s no doubt that the housing market would be thriving if average mortgage rates were to return near 6%.'
Yun continued, 'Though the national data shows stabilization, there are notable local market variations. In smaller cities, and particularly in the Midwest, an annual household income of $60,000 would be sufficient to buy a median-priced home. Working with an agent who is a REALTOR® will help you better pinpoint what’s happening in your area.'..."
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