NAR chief economist Lawrence Yun
Existing-home sales declined 2% between July and August to a seasonally adjusted annual rate of 5.88M, with all geographical regions in the US seeing monthly and annual declines
Pending home sales saw a slight slump in July, dropping 1.8% to a Pending Home Sales Index of 110.7, according to the National Association of Realtors' latest report
Total existing-home sales in July 2021 rose 2% on a seasonally adjusted annual basis from June to a rate of 5.99 million, according to the National Association of Realtors
The median existing single-family home price rose 22.9% year over year during the second quarter, to $357,900, an increase of $66,800 from the year before, according to NAR
Pending home sales dropped 1.9% in June, and 1.9% year over year to an index of 112.8, according to the National Association of Realtors' Pending Home Sales Index
Median existing-home prices soared 23.6% year over year to a record high of $350,300, as monthly price gains continue
In a reversal from the previous month, pending-home sales decreased in all regions except the Midwest, which saw gains of 3.5% from March to April
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Amid widespread annual home price growth, 89% of all metros saw double-digit price gains, according to the National Association of Realtor's First Quarter Metro Home Prices report
The pending home sales index rose from the previous month in every US region but the Midwest, while all regions saw gains year over year
Pending-home sales also declined on an annual basis for the first time in 8 consecutive months, according to the National Association of Realtors
The Pending Home Sales Index declined 2.8% from the previous month to 122.8, but was up 13% from the year before and marked an all-time high for January
Home price growth was widespread during the fourth quarter of 2020 as mortgage rates and inventory levels both hit record lows, according to the National Association of Realtors
Despite continuing monthly declines, the Pending Home Sales Index (PHSI) hit an all-time high for the month of December at 125.5
Existing-home sales in October 2020 were up 4.3% from the previous month and up 26.6% from one year ago, according to a report from the National Association of Realtors
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