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Updated: September 20, 2024
Existing Home Sales is a monthly report that counts the number of previously constructed homes, condos, and co-ops sold in the United States.
Existing Home Sales is an economic indicator that tracks the number of residential home resales across the United States. New construction homes and newly-built, move-in ready homes are excluded from the report.
The Existing Home Sales report is published monthly by the National Association of REALTORS® (NAR). It includes the number of homes sold on an annualized basis, the number of homes for sale currently, and the supply of homes for sale, measured in months.
Supplemental data such as sale price distribution, region-by-region breakdowns, and a press release are included in the Existing Home Sales report, too.
The National Association of REALTORS calculates Existing Home Sales by counting all completed transactions of single-family homes, townhomes, condominiums, and co-ops in a month and annualizing that figure. The data is collected from Multiple Listing Services (MLS) nationwide. Transactions include mortgage-backed and cash-sale purchases of homes that are previously owned only.
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An increase in Existing Home Sales suggests a strengthening housing market. However, after periods of low home inventory, a rise in home resales may link to increased available supply.
These sales affect the economy by influencing consumer spending, homebuilder confidence, and related sectors such as home furnishings and construction. The National Association of REALTORS® estimates that each home sale contributes approximately $22,000 to the local area.
Existing Home Sales count previously owned homes, while New Home Sales measure sales of newly constructed homes.
The Existing Home Sales report is released monthly by the National Association of REALTORS, often during the month’s last week. The report includes data from the month prior.
Yes, the Existing Home Sales report includes sales of condos and co-ops. The main report combines condos and co-ops with other residential home types, including detached homes and multi-unit homes. NAR also publishes a subset of the Existing Home Sales report that is only condos and co-ops.
Yes, the Existing Home Sales report includes the median sale price and the average sale price of homes sold. It also includes a supplemental report that shows distribution of home sales by price point.
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