Existing Home Sales for August 2016

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

Predicted: 5,440,000
Actual: 5,330,000

Change from Previous Month: -0.9%
Change from One Year Previous: +0.8%

Inventory: 2,040,000 (4.6 months supply)

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The "actual" figure above represents the preliminary, seasonally adjusted annualized 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 August 2016: $240,200
Change from One Year Previous: +5.1%

Average Price for A Used Home During August 2016: $282,100
Change from One Year Previous: +4.0%

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Click here for historical prices and a chart.


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Existing Home Sales - August 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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