Existing Home Sales for February 2008

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

Predicted: 4,850,000
Actual: 5,030,000

Change from One Month Previous: +2.9%
Change from One Year Previous: -23.8%

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.

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Median Price for A Preowned, Single-Family
Home In February 2008: $195,900
Change from Last Year: -8.2%

Average Price for A Preowned, Single-Family
Home In February 2008: $241,900
Change from Last Year: -7.0%

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Click here for historical prices and a chart.


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

Click here to view the full NAR report.

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