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Economy

Economic Data (USA)

Wednesday, September 24, 2008

Existing Home Sales for August 2008

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

Predicted: 4,920,000
Actual: 4,910,000
Change from One Month Previous: -2.2%
Change from One Year Previous: -10.7%

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 August 2008: $203,100
Change from One Year Previous: -9.5%

Average Price for A Preowned, Single-Family
Home In August 2008: $245,400
Change from One Year Previous: -8.9%

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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