Existing Home Sales During July 2024
Existing Home Sales report for July 2024 was released by The National Association of Realtors® (NAR®) this morning:
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Inventory: 1,330,000 (4.0 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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From Today's Report:
INFOGRAPHIC: Existing Home Sales
JULY UPDATE
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Previous Month: 3,900,000
- Actual: 3,950,000
- Change from Previous Month: +1.28% (+50,000 homes)
- Change from A Year Ago: -2.47% (-100,000 homes)
Inventory: 1,330,000 (4.0 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: $422,600
- Price Change from A Year Ago: +4.19% (+$17,000)
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From Today's Report:
"..."Despite the modest gain, home sales are still sluggish," said NAR Chief Economist Lawrence Yun. "But consumers are definitely seeing more choices, and affordability is improving due to lower interest rates."..."
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JULY UPDATE
Labels: existing_home_sales, hard_data, homes, housing, Housing_Recession, preowned_homes, quarantine, real_estate, used_homes
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posted by Steve Brown | 8/22/2024 08:28:00 PM
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