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NAR: Monthly existing home sales fall 0.4% in April

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According to the existing home sales report from the National Association of Realtors (NAR), the monthly inventory of homes for sale has been below six months for the last five years (see chart below). Bottom Line. If buyer demand continues to outpace the current supply of existing homes for sale, prices will continue to appreciate.

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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The National Association of Realtors said on Tuesday existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month. March’s sales pace was unrevised at 5.21 million units. Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April.

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April 2019 Mortgage Rates Forecast U.S. existing home sales fall in August. Sales of existing homes fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million, the National Association of Realtors said Monday. That.

Existing-home sales in the South modestly dropped 0.4% to an annual rate of 2.27 million in April, down 1.7% from a year ago. The median price in the South was $236,800, up 4.4% from a year ago.

Pending Home Sales for August 2019 will be released on Thursday, September 26, 2019 at 10:00 a.m. Eastern. The NAR Public Affairs Office issues a news release on or near the 25th of each month with the latest existing-home sales figures.

 · According to the National Association of Realtors (NAR), sales of existing homes were up 2.5% in July and another 1.3% in August. NAR chief economist Lawrence Yun said, “As expected, buyers are.

Sales of existing U.S. homes fell 0.4% in April compared with March to a seasonally adjusted annualized rate of 5.19 million units, according to the National Association of Realtors. Sales were 4.4% lower compared with April 2018. That was the 14th straight month of annual declines. Existing sales make up about 90% of the total sales market, as new construction continues to lag historically normal levels of production. The NAR’s reading counts closed sales, so it reflects buyers out.

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