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Home Sales: Difference between revisions
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== Developments == | |||
=== '''February 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. | 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. | ||
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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> | ||
=== March 2023 === | |||
==== New ==== | |||
* Sales of new single-family houses in the US unexpectedly jumped 9.3% month-over-month to a seasonally adjusted annualised rate of 683K in March of 2023, the highest in a year, and beating forecasts of 630K. <ref>https://tradingeconomics.com/united-states/new-home-sales</ref> | |||
* The median price of new houses sold was $449,800 while the average sales price was $562,400, compared to $435,900 and $511,800 respectively a year ago. | |||
* There were 432K houses left to sell, the lowest since April of 2022, corresponding to 7.6 months of supply at the current sales rate | |||
==== Existing ==== | |||
* Existing home sales dropped 2.4% mom to a seasonally adjusted annual rate of 4.44 million in March of 2023, compared to market forecasts of 4.5 million. <ref>https://tradingeconomics.com/united-states/existing-home-sales</ref> | |||
* Total housing inventory was 980,000 units, up 1% from February and 5.4% from one year ago | |||
* The median existing-home price for all housing types was $375,700, a decline of 0.9% from March 2022. | |||
* Pending home sales in the United States decreased 23.2% year-on-year in March 2023, following a 21.1% fall in February, and marking a 22nd straight month of declines<ref>https://tradingeconomics.com/united-states/pending-home-sales</ref> | |||
== References == | |||