Home Sales
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Return: Housing Market: US
Data sheets: Housing
Developments
Existing Home Sales
New Home Sales
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| New Home Sales[1] | Existing Home Sales[2] | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Date | Total (K) | M/M Level | M/M | 3M Ann | 6M Ann | Y/Y | Total (K) | M/M Level | M/M | 3M Ann | 6M Ann | Y/Y |
| 2024-04-01 | 634 | -31.00 | -4.66 | -16.88 | -11.25 | -7.71 | 4,140 | -80.00 | -1.90 | 14.75 | 19.32 | -3.50 |
| 2024-03-01 | 665 | 34.00 | 5.39 | 6.90 | -8.18 | 3.26 | 4,220 | -160.00 | -3.65 | 39.93 | 14.14 | -4.74 |
| 2024-02-01 | 631 | -33.00 | -4.97 | 13.75 | -6.34 | 0.96 | 4,380 | 380.00 | 9.50 | 72.84 | 17.54 | -3.74 |
| 2024-01-01 | 664 | 10.00 | 1.53 | -5.24 | -10.02 | 3.91 | 4,000 | 120.00 | 3.09 | 24.07 | -3.41 | 0.00 |
| 2023-12-01 | 654 | 43.00 | 7.04 | -21.14 | -3.57 | 3.48 | 3,880 | 60.00 | 1.57 | -6.90 | -13.01 | -3.72 |
| 2023-11-01 | 611 | -62.00 | -9.21 | -22.88 | -32.01 | 2.52 | 3,820 | 30.00 | 0.79 | -20.07 | -21.08 | -6.37 |
| 2023-10-01 | 673 | -21.00 | -3.03 | -14.56 | -4.03 | 16.64 | 3,790 | -160.00 | -4.05 | -24.81 | -21.95 | -14.45 |
| 2023-09-01 | 694 | 42.00 | 6.44 | 17.91 | 16.13 | 24.82 | 3,950 | -90.00 | -2.23 | -18.71 | -20.50 | -16.14 |
| 2023-08-01 | 652 | -48.00 | -6.86 | -40.06 | 8.83 | 1.24 | 4,040 | -30.00 | -0.74 | -22.08 | -21.16 | -15.48 |
| 2023-07-01 | 700 | 34.00 | 5.11 | 7.79 | 20.00 | 34.87 | 4,070 | -90.00 | -2.16 | -18.99 | 3.53 | -15.56 |
| 2023-06-01 | 666 | -75.00 | -10.12 | 14.38 | 11.05 | 22.65 | 4,160 | -140.00 | -3.26 | -22.24 | 6.56 | -18.59 |
| 2023-05-01 | 741 | 54.00 | 7.86 | 97.58 | 54.58 | 14.35 | 4,300 | 10.00 | 0.23 | -20.23 | 11.08 | -20.52 |
| 2023-04-01 | 687 | 43.00 | 6.68 | 33.61 | 41.76 | 8.02 | 4,290 | -140.00 | -3.16 | 32.31 | -6.22 | -23.39 |
| 2023-03-01 | 644 | 19.00 | 3.04 | 7.81 | 34.16 | -9.68 | 4,430 | -120.00 | -2.64 | 46.01 | -11.54 | -22.96 |
| 2023-02-01 | 625 | -14.00 | -2.19 | 20.93 | -5.81 | -19.97 | 4,550 | 550.00 | 13.75 | 54.67 | -9.39 | -23.27 |
| 2023-01-01 | 639 | 7.00 | 1.11 | 50.42 | 51.59 | -19.92 | 4,000 | -30.00 | -0.74 | -33.53 | -31.13 | -38.37 |
| 2022-12-01 | 632 | 36.00 | 6.04 | 66.94 | 35.47 | -24.22 | 4,030 | -50.00 | -1.23 | -46.40 | -37.80 | -33.83 |
| 2022-11-01 | 596 | 19.00 | 3.29 | -26.64 | -15.41 | -24.27 | 4,080 | -350.00 | -7.90 | -46.92 | -43.12 | -37.04 |
| 2022-10-01 | 577 | 21.00 | 3.78 | 52.77 | -17.69 | -15.52 | 4,430 | -280.00 | -5.94 | -28.64 | -37.42 | -30.13 |
| 2022-09-01 | 556 | -88.00 | -13.66 | 9.93 | -39.19 | -23.94 | 4,710 | -70.00 | -1.46 | -27.82 | -32.90 | -25.12 |
| 2022-08-01 | 644 | 125.00 | 24.08 | -2.45 | -32.01 | -6.80 | 4,780 | -40.00 | -0.83 | -39.06 | -35.02 | -18.71 |
| 2022-07-01 | 519 | -24.00 | -4.42 | -55.66 | -57.70 | -28.61 | 4,820 | -290.00 | -5.68 | -45.12 | -44.84 | -19.67 |
| 2022-06-01 | 543 | -105.00 | -16.20 | -66.36 | -57.61 | -21.19 | 5,110 | -300.00 | -5.55 | -37.62 | -29.59 | -12.95 |
| 2022-05-01 | 648 | 12.00 | 1.89 | -52.61 | -32.20 | -10.74 | 5,410 | -190.00 | -3.39 | -30.73 | -30.30 | -6.40 |
| 2022-04-01 | 636 | -77.00 | -10.80 | -59.65 | -13.29 | -24.01 | 5,600 | -150.00 | -2.61 | -44.57 | -21.98 | -4.27 |
| 2022-03-01 | 713 | -68.00 | -8.71 | -46.58 | -4.86 | -17.19 | 5,750 | -180.00 | -3.04 | -20.53 | -16.43 | -4.33 |
| 2022-02-01 | 781 | -17.00 | -2.13 | -3.01 | 27.75 | 0.90 | 5,930 | -560.00 | -8.63 | -29.87 | 1.71 | -4.97 |
| 2022-01-01 | 798 | -36.00 | -4.32 | 86.35 | 20.49 | -10.94 | 6,490 | 400.00 | 6.57 | 9.80 | 17.00 | -2.55 |
| 2021-12-01 | 834 | 47.00 | 5.97 | 69.43 | 46.52 | -5.01 | 6,090 | -390.00 | -6.02 | -12.12 | 7.64 | -8.42 |
February 2023
U.S Sales of existing homes rose 14.5% in February compared to the previous month to an annualized rate of 4.58 million units, above the 4.20 million estimate. This was the first monthly gain in 12 months.
The median existing-home price declined 0.2% year-on-year to $363,000. This is the first time in 11 years that existing-home prices are lower on a year-over-year comparison.
Homes for sale were 980,000 in February, flat compared to January. That represents a 2.6- month supply, below the balanced level(4- to 6-month supply).[3]
March 2023
New
- Sales of new single-family houses in the US unexpectedly jumped 9.3% month-over-month to a seasonally adjusted annualised rate of 683K in March of 2023, the highest in a year, and beating forecasts of 630K. [4]
- The median price of new houses sold was $449,800 while the average sales price was $562,400, compared to $435,900 and $511,800 respectively a year ago.
- There were 432K houses left to sell, the lowest since April of 2022, corresponding to 7.6 months of supply at the current sales rate
Existing
- Existing home sales dropped 2.4% mom to a seasonally adjusted annual rate of 4.44 million in March of 2023, compared to market forecasts of 4.5 million. [5]
- Total housing inventory was 980,000 units, up 1% from February and 5.4% from one year ago
- The median existing-home price for all housing types was $375,700, a decline of 0.9% from March 2022.
- Pending home sales in the US fell by 5.2% month-over-month in March 2023, the first decline since November 2022 and missing market expectations of a 0.5% growth.[6]
April 2023
May 2023
New
- Sales of new single-family houses in the US jumped 12.2% month-over-month to a seasonally adjusted annualised rate of 763K in May of 2023, the highest level since February last year, and compared to forecasts of 675K.
- The median price of new houses sold was $416,300 while the average sales price was $487,300, compared to $450,700 and $521,500 respectively a year ago.
- There were 428K houses left to sell, corresponding to 6.7 months of supply at the current sales rate.[4]
Existing
- Existing home sales in the US, edged 2.3% higher from the previous month to a seasonally adjusted annual rate of 4.3 million in May of 2023, surpassing market estimates of 4.25 million.[5]
- Total inventory of unsold existing homes rose by 3.8% from the previous month to 1.08 million, reflecting 3 months of supply at the current pace of sales.
- The median existing-home price for all housing types fell by 3.1% compared to the corresponding month of the previous year to $396,100.
- Pending home sales in the US fell 2.7% month-over-month in May of 2023, to the lowest level this year, and worse than market forecasts of a 0.5% drop as limited supply and high-interest rates continue to negatively impact sales.[6]
July 2023
New
- 714k sales is 4.4 percent (±12.8 percent)* above the revised June rate of 684,000 and is 31.5 percent (±16.3 percent) above the July 2022 estimate of 543,000.[7]
- The median sales price of new houses sold in July 2023 was $436,700. The average sales price was $513,000
- The seasonally‐adjusted estimate of new houses for sale at the end of July was 437,000. This represents a supply of 7.3 months at the current sales rate.
Existing
- Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million. Sales receded 16.6% from one year ago.[8]
- The median existing-home sales price rose 1.9% from one year ago to $406,700. It was the fourth time the monthly median sales price eclipsed $400,000, joining June 2023 ($410,000), June 2022 ($413,800) and May 2022 ($408,600).
- The inventory of unsold existing homes increased 3.7% from the previous month to 1.11 million at the end of July, or the equivalent of 3.3 months’ supply at the current monthly sales pace.
August 2023
Existing
- Existing-home sales retreated 0.7% in August to a seasonally adjusted annual rate of 4.04 million. Sales dropped 15.3% from one year ago.[9]
- The median existing-home sales price climbed 3.9% from one year ago to $407,100 – the third consecutive month the median sales price surpassed $400,000.
- Total housing inventory registered at the end of August was 1.1 million units, down 0.9% from July and 14.1% from one year ago (1.28 million). Unsold inventory sits at a 3.3-month supply at the current sales pace, identical to July and up from 3.2 months in August 2022.
New
- Sales of new single‐family houses in August 2023 were at a seasonally adjusted annual rate of 675,000. This is 8.7 percent (±15.6 percent)* below the revised July rate of 739,000, but is 5.8 percent (±21.1 percent)* above the August 2022 estimate of 638,000.[10]
- The median sales price of new houses sold in August 2023 was $430,300. The average sales price was $514,000.
- The seasonally‐adjusted estimate of new houses for sale at the end of August was 436,000. This represents a supply of 7.8 months at the current sales rate.
September 2023
October 2023
Existing
- Sales of existing homes in the United States sank 4.1% month-over-month to a seasonally adjusted annualized rate of 3.79 million units in October 2023, the lowest level since August 2010, and below forecasts of 3.9 million (-1.5%).
New
- Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000. This is 5.6 percent (±12.3 percent)* below the revised September rate of 719,000, but is 17.7 percent (±17.9 percent)* above the October 2022 estimate of 577,000.
- The median sales price of new houses sold in October 2023 was $409,300. This is a significant -18% Y/Y.
- The seasonally‐adjusted estimate of new houses for sale at the end of October was 439,000. This represents a supply of 7.8 months at the current sales rate.[11]
November 2023
References
- ↑ https://fred.stlouisfed.org/series/HSN1F
- ↑ https://fred.stlouisfed.org/series/EXHOSLUSM495S
- ↑ https://www.cnbc.com/2023/03/21/february-home-sales-spike.html
- ↑ 4.0 4.1 https://tradingeconomics.com/united-states/new-home-sales
- ↑ 5.0 5.1 https://tradingeconomics.com/united-states/existing-home-sales
- ↑ 6.0 6.1 https://tradingeconomics.com/united-states/pending-home-sales-mom
- ↑ file:///C:/Users/maga-/Downloads/newressales.pdf
- ↑ https://www.nar.realtor/newsroom/existing-home-sales-slipped-2-2-in-july
- ↑ https://www.nar.realtor/newsroom/existing-home-sales-decreased-0-7-in-august
- ↑ https://www.census.gov/construction/nrs/pdf/newressales.pdf
- ↑ https://www.census.gov/construction/nrs/current/index.html