Existing home sales in the US increased 1.4% mom to 5.86 million in June of 2021, the first rise in five months and compared to market forecasts of 5.9 million.”Supply has modestly improved in recent months due to more housing starts and existing homeowners listing their homes, all of which has resulted in an uptick in sales. Home sales continue to run at a pace above the rate seen before the pandemic. At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end of the year”, said Lawrence Yun, NAR’s chief economist. Sales were unchanged in the South but rose in the other three major regions of the US. Total housing inventory amounted to 1.25 million units, up 3.3% from May’s inventory and down 18.8% from one year ago (1.54 million). The median existing-home price for all housing types was $363,300, up 23.4% from June 2020. source: National Association of Realtors
Existing Home Sales in the United States averaged 4025.36 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 July of 2021.
Existing Home Sales in the United States is expected to be 5800.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Existing Home Sales in the United States to stand at 5500.00 in 12 months time. In the long-term, the United States Existing Home Sales is projected to trend around 4700.00 Thousand in 2022, according to our econometric models.