A Deep Dive Into The Existing Home Sales Miss

image

The NAR reports: February Existing-Home Sales Decline

Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 9.6 per cent to a seasonally adjusted annual rate of 4.88 million in February from an upwardly revised 5.40 million in January, and are 2.8 per cent below the 5.02 million pace in February 2010.

Total housing inventory at the end of February rose 3.5 per cent to 3.49 million existing homes available for sale, which represents an 8.6-month supply at the current sales pace, up from a 7.5-month supply in January

Read the rest at Calculated Risk >

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.


Tagged In

housing moneygame-us