Existing home sales

Existing home sales,

Definition of Existing home sales:

  1. A monthly report from the National Association of Realtors that tracks the sale of existing homes, used to gauge the demand in the housing market. Robust home sales mean economic growth and an optimistic consumer. The data for sales during the previous month are released around the 25th of each month. Compare to New Home Sales.

  2. Existing Home sales report is released monthly by the National Association of Realtors (NAR) and is a lagging indicator, as it tends to react after a change in mortgage rates. According to the National Association of Realtors (NAR), the reporting of most existing home sales transactions happens after the sales contract closing. The majority of transactions usually involve a mortgage, which may take 30-60 days to close. So, existing home sale data most likely includes contracts which were signed a month or two before the report. .

  3. Existing home sales data measure sales and prices of existing single-family homes, condos and co-ops for the United States and is broken down by region - West, Midwest, South, and Northeast.

How to use Existing home sales in a sentence?

  1. Existing home sales data measure sales and prices of existing single-family homes, condos and co-ops for the United States and is broken down by region - West, Midwest, South, and Northeast.
  2. Existing Home sales report is released monthly by the National Association of Realtors (NAR) and is a lagging indicator, as it tends to react after a change in mortgage rates.
  3. According to the National Association of Realtors (NAR), the reporting of most existing home sales transactions happens after the sales contract closing.

Meaning of Existing home sales & Existing home sales Definition