Existing-home sales ease more than forecast to 5.2 million

Sales of previously owned U.S. homes eased more than forecast in March, suggesting the housing market is still finding its footing after a weak 2018. Contract closings decreased to a 5.21 million annual rate, falling 4.

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Existing-home sales rose 1.3% in April to a seasonally adjusted annual rate of 4.65 million. would-be buyers more comfortable with entering the market. The median sales prices for existing homes.

Sales will probably total 5.2 million to 5.3 million. incrementally with time and enabling more demand to be realized." Existing home sales, which are tallied when purchase contracts close, account.

Existing-home sales in the single-family space came in at 4.99 million in March, a 0.6 percent increase from 4.96 million in February, but a 1 percent decrease from 5.04 million the prior year.

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United States Existing Home Sales 1968-2018 | Data | Chart | Calendar. It compares with market expectations of a 0.6 percent rise to 5.4 million. It is the fourth straight fall and the lowest rate since February of 2016. The median house price fell to $269,600 from $273,800 in June and the months’ worth of supply was flat at 4.3.

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National Association of Realtors data shows that 5.22 million units were sold in October compared to 5.15 million in September and a forecast October result of 5.2 million. key takeaways. While the report shows the first increase in 6 months, October’s rate of sales is still 5.1% lower than this time last year.

Existing home sales misses estimates Sales in February were at a seasonally adjusted rate of 5.03 million units, compared with 4.89 million in January, according to the Realtors association. More specifically, there was a 2.8 percent.

Sales of town homes, condos, co-ops and single-family houses, rose 1.9 percent to an annual rate of 5.3 million units after seasonal adjustment. Economists had forecast a slight decrease to 5.2 million.

Existing home sales slipped 0.6 percent to a seasonally adjusted annual rate of 5.38 million units last month, the NAR said. May’s sales pace was revised down to 5.41 million units from the previously reported 5.43 million units. Economists polled by Reuters had forecast existing home sales gaining 0.5 percent in June.

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.

Housing market remains sluggish in Canada despite March rebound Single-family delinquencies at Freddie Mac inch down  · Housing activity has been lagging across Canada ever since January, causing many industry watchers to wonder when will things start to heat up again. The answer largely depends on when the market will adjust to the effects of a new mortgage stress test, which came into effect on January 1 and sent sales plummeting.