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Economy

Economic Data (USA)

Wednesday, June 21, 2017

Existing Home Sales During May 2017

The Existing Home Sales report for May 2017 was released by The National Association of Realtors® (NAR) this morning:

Predicted: 5,550,000
Actual: 5,620,000

  •  Change from Previous Month: +1.1%
  •  Change from One Year Previous: +2.7%
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Inventory: 1,960,000 (4.2 months supply)

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The yellow-highlighted, "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 May 2017: $252,800
(All-Time Record High)
Change from One Year Previous: +5.8%

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Average Price for A Used Home During May 2017: $294,600
(All-Time Record High)
Change from One Year Previous: +4.9%

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Cost of A Used (Preowned) Home in The USA - May 2017
Cost of A Used (Preowned) Home in The USA - May 2017

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From today's report:

"...Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors. All major regions except for the Midwest saw an increase in sales last month...."
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  • The monthly Existing Home Sales report is released on or around the 25TH day of each month.

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