Existing Home Sales During October 2016

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

Predicted: 5,420,000
Actual: 5,600,000

Change from Previous Month: +2.0%
Change from One Year Previous: +5.9%

Inventory: 2,020,000 (4.3 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 October 2016: $232,200
Change from One Year Previous: +6.0%

Average Price for A Used Home During October 2016: $274,300
Change from One Year Previous: +4.4%

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Click here for historical prices and a chart.


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Existing Home Sales - October 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.