Existing Home Sales for July 2016

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

Predicted: 5,520,000
Actual: 5,390,000

Change from Previous Month: -3.2%
Change from One Year Previous: -1.6%

Inventory: 2,130,000 (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 July 2016: $244,100
Change from One Year Previous: +5.3%

Average Price for A Used Home During July 2016: $285,900
Change from One Year Previous: +3.6%

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Click here for historical prices and a chart.


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Existing Home Sales - July 2016

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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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