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%

==========

Inventory: 1,880,000 (4.2 months supply)

==========

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.

------------------------------------------------------

Median Price for A Used Home During August 2017: $253,500

Change from One Year Previous: +5.6%

---------

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

Change from One Year Previous: +4.5%

------------------------------------------------------ 

• Click here for historical prices and a chart.

==========

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..."

==========

• 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.