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Economic Data (USA)

Tuesday, April 22, 2008

Existing Home Sales for March 2008

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

Predicted: 4,950,000
Actual: 4,930,000
Change from One Month Previous: -2.0%
Change from One Year Previous: -19.3%

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 March 2008: $200,700
Change from Last Year: -7.7%

Average Price for A Preowned, Single-Family
Home In March 2008: $247,700
Change from Last Year: -6.6%

Click here for historical prices and a chart.

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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