Existing Home Sales for April 2016

The Existing Home Sales report for April 2016 was released by The National Association of Realtors® this morning:

Predicted: 5,400,000
Actual: 5,450,000

Change from Last Month: +1.7%
Change from One Year Ago: +6.0%

Inventory: 2,140,000 (4.7 months supply)

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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 were expecting, while the "actual" is the true or real figure.

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Median Price for A Used Home During April 2016: $232,500
Change from One Year Ago: +6.3%

Average Price for A Used Home During April 2016: $275,000
Change from One Year Ago: +4.2%

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Click here for historical prices and a chart.

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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