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.