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Economy

Economic Data (USA)

Monday, February 25, 2008

Existing Home Sales for January 2008

The Existing Home Sales report for January 2008 was released by The National Association of Realtors® this morning:

Predicted: 4,840,000
Actual: 4,890,000
Change from Last Month: -0.4%
Change from Last Year: -23.4%

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 January 2008: $201,100
Change from Last Year: -4.6%

Average Price for A Preowned, Single-Family
Home In January 2008: $247,700
Change from Last Year: -3.7%

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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