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Economy

Economic Data (USA)

Friday, October 20, 2017

Existing Home Sales During September 2017

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

Predicted: 5,300,000
Actual: 5,390,000

  •  Change from Previous Month: +0.7%
  •  Change from One Year Previous: -1.5%
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Inventory: 1,900,000 (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 the indicated 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 September 2017: $245,100

Change from One Year Previous: +4.2%

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Average Price for A Used Home During September 2017: $286,700

Change from One Year Previous: +3.5%

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From today's report:

"...After three straight monthly declines, existing-home sales slightly reversed course in September, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis, according to the National Association of Realtors®..."
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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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