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Economic Data (USA)

Monday, December 31, 2007

Existing Home Sales for November, 2007

The Existing Home Sales report for November, 2007 was released by The National Association of Realtors® this morning:

Predicted: 4,970,000
Actual: 5,000,000
Change from Last Month: +0.4%
Change from Last Year: -20.0%

The "actual" figure above represents the preliminary, seasonally adjusted annual sales count of existing homes, co-ops and condominiums for last month. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Median Price for A Preowned, Single-Family
Home In November 2007: $210,200
Change from Last Year: -3.3%

Average Price for A Preowned, Single-Family
Home In November, 2007: $256,800
Change from Last Year: -3.1%

The monthly Existing Home Sales report is released on or around the 25TH day of each month.

Click here to view the full NAR report.




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