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Economic Data (USA)

Thursday, May 23, 2024

Existing Home Sales During April 2024

Existing Home Sales report for April 2024 was released by The National Association of Realtors® (NAR®) this morning:


Previous Month: 4,220,000

  • Actual: 4,140,000

  •  Change from Previous Month: -1.9% (-80,000 homes)

  •  Change from A Year Ago: -1.9% (-80,000 homes)

Inventory: 1,210,000 (3.5 months supply.)


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.


  • Median Price: $407,600

  • Price Change from A Year Ago: +5.65% (+$21,800)




From Today's Report:

"...According to Freddie Mac, the 30-year fixed-rate mortgage averaged 7.02% as of May 16. That's down from 7.09% the previous week but up from 6.39% one year ago..."


 INFOGRAPHIC: Existing Home Sales - APRIL 2024 UPDATE

INFOGRAPHIC: Existing Home Sales


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