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Economic Data (USA)

Thursday, January 24, 2008

Existing Home Sales for December, 2007

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

Predicted: 4,950,000
Actual: 4,890,000
Change from Last Month: -2.2%
Change from Last Year: -22.0%

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 December 2007: $208,400
Change from Last Year: -6.0%

Average Price for A Preowned, Single-Family
Home In December, 2007: $254,900
Change from Last Year: -4.9%

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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