Existing-Home Sales Explained

What are Existing-Home Sales, and Why Does the Data Matter?

Existing-home sales data are a monthly measure of the sales volume and prices of existing single-family homes, condos, and co-ops nationwide. But what are existing-homes? Existing-homes, unlike new homes, are homes that are owned and occupied before coming onto the market. Existing-home sales account for more than 90 percent of total home sales, and the data captures completed transactions.

Click on the image below to read the full article:

Existing-Home Sales Explained