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Economy

Economic Data (USA)

Monday, November 24, 2008

Existing Home Sales for October 2008

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

Predicted: 5,000,000
Actual: 4,980,000
Change from One Month Previous: -3.1%
Change from One Year Previous: -1.6%

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 October 2008: $183,300
Change from One Year Previous: -11.3%

Average Price for A Preowned, Single-Family
Home In October 2008: $224,700
Change from One Year Previous: -11.9%

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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