Existing-home sales in the US unexpectedly soared 9.5% to a seasonally adjusted annualized rate of 4.38 million units in February 2024, the highest level in a year, compared to 4 million in January and market forecasts of 3.95 million, with additional housing supply helping to satisfy market demand. Among the four major US regions, sales jumped in the West, South and Midwest, and were unchanged in the Northeast. Total housing inventory was 1.07 million units, up 5.9% from January and 10.3% from one year ago (970,000). Unsold inventory sits at a 2.9-month supply at the current sales pace, down from 3.0 months in January but up from 2.6 months in February 2023. Meanwhile, the median existing-home price for all housing types in February was $384,500, an increase of 5.7% from the prior year ($363,600). All four US regions posted price increases. source: National Association of Realtors

Existing Home Sales in the United States increased to 4380 Thousand in February from 4000 Thousand in January of 2024. Existing Home Sales in the United States averaged 4065.03 Thousand from 1968 until 2024, reaching an all time high of 7250.00 Thousand in September of 2005 and a record low of 1370.00 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 March of 2024.

Existing Home Sales in the United States increased to 4380 Thousand in February from 4000 Thousand in January of 2024. Existing Home Sales in the United States is expected to be 4010.00 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 5160.00 Thousand in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-22 03:00 PM
Existing Home Sales
Jan 4M 3.88M 3.97M 3.9M
2024-03-21 02:00 PM
Existing Home Sales
Feb 4.38M 4M 3.94M 3.89M
2024-04-18 02:00 PM
Existing Home Sales
Mar 4.38M 4.01M


Related Last Previous Unit Reference
Building Permits 1524.00 1489.00 Thousand Feb 2024
Existing Home Sales 4380.00 4000.00 Thousand Feb 2024
Existing Home Sales MoM 9.50 3.10 percent Feb 2024
House Price Index YoY 6.30 6.70 percent Jan 2024
House Price Index 417.50 417.80 points Jan 2024
Housing Starts 1521.00 1374.00 Thousand units Feb 2024
MBA 30-Year Mortgage Rate 6.93 6.97 percent Mar 2024
Pending Home Sales YoY -7.01 -8.71 percent Feb 2024
Pending Home Sales MoM 1.60 -4.70 percent Feb 2024
Single Family Home Prices 384500.00 378600.00 USD Feb 2024
Total Housing Inventory 1070.00 1010.00 Thousands Feb 2024

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
4380.00 4000.00 7250.00 1370.00 1968 - 2024 Thousand Monthly
SA

News Stream
US Existing Home Sales Book Surprise Rise
Existing-home sales in the US unexpectedly soared 9.5% to a seasonally adjusted annualized rate of 4.38 million units in February 2024, the highest level in a year, compared to 4 million in January and market forecasts of 3.95 million, with additional housing supply helping to satisfy market demand. Among the four major US regions, sales jumped in the West, South and Midwest, and were unchanged in the Northeast. Total housing inventory was 1.07 million units, up 5.9% from January and 10.3% from one year ago (970,000). Unsold inventory sits at a 2.9-month supply at the current sales pace, down from 3.0 months in January but up from 2.6 months in February 2023. Meanwhile, the median existing-home price for all housing types in February was $384,500, an increase of 5.7% from the prior year ($363,600). All four US regions posted price increases.
2024-03-21
Existing Home Sales in the US Rebound
Existing-home sales in the US rose 3.1% month-over-month to a seasonally adjusted annualized rate of 4 million units in January 2024, the highest level in five months, compared to 3.88 million in December and market forecasts of 3.97 million. Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year. Sales accelerated in the Midwest, South and West, and remained steady in the Northeast. Total housing inventory was 1.01 million units, up 2% from December and unsold inventory sits at a 3-month supply at the current sales pace, down from 3.1 months in December. The median existing-home price for all housing types was $379,100, an all-time high for the month of January.
2024-02-22
US Existing Home Sales Hit 13-Year Low
Existing-home sales in the United States dropped by 1.0% from a month earlier to a seasonally adjusted annualized rate of 3.78 million units in December 2023, reaching the lowest level since August 2010 and falling below the market's anticipated 3.82 million units. Sales of single-family homes decreased by 0.3% to 3.40 million, and sales of condominiums and co-ops sunk 7.3% to 0.38 million. Among the four major US regions, sales slipped in the Midwest and South, but saw an increase in the West, while remaining unchanged in the Northeast. On a year-on-year basis, sales witnessed a 6.2% decline. Considering the 2023 full year, existing-home sales fell to the lowest level in nearly 30 years. "The latest month's sales appear to be the bottom before inevitably turning higher in the new year," said NAR Chief Economist Lawrence Yun. He attributed this potential upturn to lower mortgage rates compared to the preceding two months and anticipated a boost in inventory in the coming months.
2024-01-19