Existing-home sales declined in June but have stayed well above year-ago levels for the past two years, while the median price shows seven straight months of double-digit year-over-year increases, according to the National Association of Realtors®.
National housing indicators
Existing home sales (June)
5.08 million units*
Existing home median price (June)
Housing Starts (June)
New home sales (June)
459,000 units (estimated) *
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
1st Qrt 13: 65.0%
1st Qrt 12: 65.4%
The homeownership rate in the first quarter 2013 (65.0 percent) was lower than the first quarter 2012 rate (65.4 percent). The homeownership rate in the South was lower than the corresponding first quarter 2012 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.
New home sales
Sales of new single-family houses in June 2013 were at a seasonally adjusted annual rate of 497,000. This is 8.3 percent (+/- 20.5%)* above the revised May 2013 estimate of 459,000.