Existing-home sales continue to slip

On April 22, the National Association of Realtors reported that existing-home sales fell 4.9% in March to a seasonally adjusted rate of 5.21.

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Total existing-home sales include completed transactions of single-family homes, townhomes, condos and co-ops. Total sales are down 4.4% from a year ago and a rate 5.43 million in April 2018. Last month, the NAR reported that existing-home sales fell 4.9% in March to a seasonally adjusted rate of 5.21 million units.

The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

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Lawrence Yun, NAR chief economist, says the staggering inventory woes throughout the country continue to stall contract activity. With autumn at the doorstep, Yun expects existing-home sales to.

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April existing home sales down 0.4%, miss expectations Home sales continue to slip, setting the stage for a spring rebound Sales of new single-family homes slipped for the second consecutive month, the Census Bureau reported this morning, falling to a 590,000 unit annualized pace in January.

Existing home sales continue to trend mostly flat, as limited inventory and rising prices hold back buyers. The number of homes for sale also continues to be lower than a year ago.

Total existing-home sales, completed transactions including single-family homes, townhomes, condominiums and co-ops, dipped 1.2 percent to a seasonally adjusted annual rate of 5.08 million in June from a downwardly revised 5.14 million in May, but are 15.2 percent higher than the 4.41 million-unit level in June 2012.

The April reading of U.S. existing home sales missed expectations on. Home prices have risen about 3 times the pace of incomes since 2012,

Existing-home sales declined in June but have stayed well above year-ago levels for the past two years, while the median price shows seven straight months of double-digit year-over-year increases.

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Existing home sales declined 0.4% to a 5.19 million-unit pace during April. Despite lower mortgage rates, resales have fallen in five of the past six months and are down 4.4% from the same month a.