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Economy

Economic Data (USA)

Wednesday, September 20, 2017

Existing Home Sales During August 2017

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

Predicted: 5,480,000
Actual: 5,350,000

  •  Change from Previous Month: -1.7%
  •  Change from One Year Previous: +0.2%
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Inventory: 1,880,000 (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 August 2017: $253,500

Change from One Year Previous: +5.6%

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Average Price for A Used Home During August 2017: $294,600

Change from One Year Previous: +4.5%

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From today's report:

"...Existing-home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were outpaced by declines in the South and West..."
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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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