Inventory Archive

A Look at the Existing Home Sales Market Over the Past Decade

Every month NAR produces existing home sales, median sales price and inventory figures. The reporting of this data is based on homes sold the previous month and the data is explained in comparison to the same month a year...

Latest Existing Home Sales Data Release

NAR recently released a summary of existing home sales data showing that existing home sales continued to improve in June, reaching an annual pace of 5 million for the first time this year. June marks the third consecutive month...

The Latest Mortgage Purchase Applications

There was a surge in the number of people filing for mortgages in the first week of June. Applications for a home purchase increased 9.3 percent from the prior week after adjusting for the normal seasonal patterns. Refinance activity...

Three-Year Change in Employment vs. Housing Starts

Despite the recent slowdown in home sales, inventories remain low, with the months supply averaging 6 months or less for 20 consecutive months. This dynamic has pressed up on prices, but new construction has been slow to respond. Prior...

Sluggish Construction Portends Steady Price Growth

Summary: Supply remains constrained Construction has not kept up with long-term demand Affordability concerns appear to be driving builder pensiveness rather than REO patterns Much has been made of the drop in existing home sales this spring. The weather...