Used home sales rise 1.1% | Mt Kisco Real Estate

Sales of previously owned houses in the United States went up 1.1 percent month-over-month to a seasonally adjusted annual rate of 5.62 million in May of 2017, following a downwardly revised 5.56 million in the previous month and beating market expectations of a 0.5 percent drop. Sales of single family houses went up 1 percent to 4.98 million after falling by 2.8 percent in the previous month and those of condos increased 1.6 percent to 0.64 million, following a flat reading in April. The median house price increased to an all-time high of $252,800 and the months’ worth of supply went up to 4.2 percent from 4.1 percent. In addition, the number of houses available in the market increased to 1.96 million from 1.92 million in April. Existing Home Sales in the United States averaged 3902.01 Thousand from 1968 until 2017, reaching an all time high of 7250 Thousand in September of 2005 and a record low of 1370 Thousand in March of 1970.

United States Existing Home Sales
CalendarGMTActualPreviousConsensusForecast (i)
2017-05-2402:00 PMApr5.57M5.70M5.65M5.7M
2017-06-2102:00 PMMay1.1%-2.5%-0.5%0.6%
2017-06-2102:00 PMMay5.62M5.56M5.55M5.6M
2017-07-2402:00 PMJun5.62M5641.63%
2017-07-2402:00 PMJun1.1%5641.63%
2017-08-2402:00 PMJul5620.38%

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