Existing Home Sales During July 2017

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

Predicted: 5,565,000
Actual: 5,440,000

•  Change from Previous Month: -1.3%
  
•  Change from One Year Previous: +2.1%

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Inventory: 1,920,000 (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 July 2017: $258,300

Change from One Year Previous: +6.2%

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Average Price for A Used Home During July 2017: $298,800

Change from One Year Previous: +4.9%

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• Click here for historical prices and a chart.

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

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From today's report:

"...Listings in July typically went under contract in under 30 days for the fourth consecutive month because of high buyer demand, but existing-home sales ultimately pulled back as large declines in the Northeast and Midwest outweighed sales increases in the South and West, according to the National Association of Realtors®..."

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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 NAR data.

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