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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Previous Month: 3,900,000

• Actual: 3,950,000

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•  Change from Previous Month: +1.28% (+50,000 homes)
  
  
•  Change from A Year Ago: -2.47% (-100,000 homes)

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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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• Median Price: $422,600
  
  
• Price Change from A Year Ago: +4.19% (+$17,000)

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• Click here for historical prices and a chart.
  
  
• Click here for New Home Sales Data.

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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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INFOGRAPHIC: Existing Home Sales
JULY UPDATE

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• Click here to view the NAR data.

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