Existing Home Sales Rise 0.6%

The National Association of Realtors reports Existing Home Sales Rose 0.6% in January to a seasonally adjusted annualized rate of 6,690,000. 

Econoday notes that the reported rise of +0.7% rise in December to 6,760,00 is now a revised 6,650,000 total -0.9%. 

Still, it's pretty clear housing has been firing on all cylinders. Year-over-year sales are up 23.4% and the numbers will look outrageous in May compared to the Covid dip.

Housing Supply

Housing Suppy at the National Level 2021-01

Median Home Price

Median price of Existing home sales 2021-01


Year-Over-Year Median Price

Existing Home Sales Median Price 2021-01

The median price of an existing home is $303,900, up 14.1% from a year ago.

These numbers are misleading because they do not take in size of home or location. But they do give a correct sense that prices are rising. 

The Case-Shiller National Home Price Index of the sale of the same home was up 9.48% in November.

That's a better metric but the data lags. 

At the current rate of sales, the national supply of homes available for sales is only 1.8 months. That adds to price pressures.


Existing Home Sales Rise 1.1% But Activity Below Year Ago

Existing-home sales grew in March but sales still lag yearly.

Existing Home Sales Decline Third Month Despite Rising Inventory

Existing home sales declined for the third month, fourth year-over-year. May sales were revised lower.

Existing Home Sales Jump 2% Yet Remain Below Level Reached a Year Ago

Existing home sales rose 2% in October yet remain 0.9% below the level reached in October 2016.

Wealth Effect Propels Existing Home Sales: Up Most in 11 Years

Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years.

Existing Home Sales Dip From 18-Month High

Existing home sales fell 2.2% in Sep to 5.38 million units SAAR. Sales are barely in the Econoday consensus range.

Existing Home Sales Down Again: Yun Blames Inventory, a Symptom of the Problem

Economists expected a bounce in existing home sales in May. There was no bounce and revisions in April were negative.

Existing Home Sales Rise First Time in Seven Months

Existing home sales rose 1.7%, the first increase since March. Year-over-year sales are down 5.1%.

Existing Home Sales Unexpectedly Decline

Existing homes sales fell 0.4% in April. The Consensus expected a rise.

Existing Home Sales Plunge 6.4%, Down 10.3% Y-O-Y, Worst Reading in Over 3 Years

Existing home sales plunged 6.4% in December. The Midwest led the way, down 11.2%.