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Home Sales: Difference between revisions
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(Created page with "=== Developments === March 21, 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...") |
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=== Developments === | === Developments === | ||
March 21, 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. | '''March 21, 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. | 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).<ref>https://www.cnbc.com/2023/03/21/february-home-sales-spike.html</ref> | 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).<ref>https://www.cnbc.com/2023/03/21/february-home-sales-spike.html</ref> | ||
'''References''' | |||