Graph and download economic data for Existing Home Sales: Months Supply (HOSSUPUSM673N) from May 2024 to May 2025 about supplies, sales, housing, and USA.

United States - Existing Home Sales: Months Supply was 4.40000 Months' Supply in April of 2025, according to the United States Federal Reserve. Historically, United States - Existing Home Sales: Months Supply reached a record high of 5.70000 in July of 2014 and a record low of 1.60000 in January of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Existing Home Sales: Months Supply - last updated from the United States Federal Reserve on July of 2025.

United States Existing Home Sales: Months Supply data was reported at 4.400 Month in Sep 2018. This records an increase from the previous number of 4.300 Month for Aug 2018. United States Existing Home Sales: Months Supply data is updated monthly, averaging 4.900 Month from Jan 1999 (Median) to Sep 2018, with 237 observations. The data reached an all-time high of 12.400 Month in Jul 2010 and a record low of 3.200 Month in Dec 2017. United States Existing Home Sales: Months Supply data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB005: Existing Home Sales.

Graph and download economic data for Monthly Supply of New Houses in the United States (MSACSR) from Jan 1963 to May 2025 about supplies, new, housing, and USA.

Graph and download economic data for Existing Single-Family Home Sales: Months Supply (HSFSUPUSM673N) from May 2024 to May 2025 about supplies, 1-unit structures, family, sales, housing, and USA.

The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

The National Association of Realtors monthly housing indicators are based on a representative sample of local boards and multiple listing services. Sales volume, inventory, and price levels for existing homes are measured for the US in aggregate and by census region. Existing homes, unlike new homes, are homes that are owned and occupied before coming onto the market.

Months' supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.

For more information, see Methodology: Existing-Home Sales (https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales/methodology).

Copyright, 2016, National Association of Realtors. Reprinted with permission.

Total Housing Inventory in the United States increased to 1540 Thousands in May from 1450 Thousands in April of 2025. This dataset includes a chart with historical data for the United States Total Housing Inventory.

United States - Existing Single-Family Home Sales: Months Supply was 4.20000 Months' Supply in April of 2025, according to the United States Federal Reserve. Historically, United States - Existing Single-Family Home Sales: Months Supply reached a record high of 5.70000 in June of 2014 and a record low of 1.50000 in January of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Existing Single-Family Home Sales: Months Supply - last updated from the United States Federal Reserve on July of 2025.

The number of home sales in the United States peaked in 2021 at almost ************* after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to ***********. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.

Graph and download economic data for Existing Home Sales: Housing Inventory (HOSINVUSM495N) from May 2024 to May 2025 about inventories, sales, housing, and USA.

United States Existing Home Sales: Single Family: Months Supply data was reported at 4.300 Month in Sep 2018. This stayed constant from the previous number of 4.300 Month for Aug 2018. United States Existing Home Sales: Single Family: Months Supply data is updated monthly, averaging 6.100 Month from Jun 1982 (Median) to Sep 2018, with 436 observations. The data reached an all-time high of 13.800 Month in Oct 1982 and a record low of 3.100 Month in Dec 2017. United States Existing Home Sales: Single Family: Months Supply data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB005: Existing Home Sales.

United States Existing Home Sales: Condos: Months Supply data was reported at 4.400 Month in Oct 2018. This records a decrease from the previous number of 4.700 Month for Sep 2018. United States Existing Home Sales: Condos: Months Supply data is updated monthly, averaging 4.900 Month from Jan 1999 (Median) to Oct 2018, with 238 observations. The data reached an all-time high of 17.000 Month in Jul 2010 and a record low of 3.000 Month in Jan 2018. United States Existing Home Sales: Condos: Months Supply data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s United States – Table US.EB005: Existing Home Sales.

Graph and download economic data for Housing Inventory: Active Listing Count in the United States (ACTLISCOUUS) from Jul 2016 to May 2025 about active listing, listing, and USA.

Home prices in the U.S. reach new heights The American housing market continues to show remarkable resilience, with the S&P/Case Shiller U.S. National Home Price Index reaching an all-time high of 325.78 in July 2024. This figure represents a significant increase from the index value of 166.24 recorded in January 2015, highlighting the substantial growth in home prices over the past decade. The S&P Case Shiller National Home Price Index is based on the prices of single-family homes and is the leading indicator of the American housing market and one of the indicators of the state of the broader economy. The S&P Case Shiller National Home Price Index series also includes S&P/Case Shiller 20-City Composite Home Price Index and S&P/Case Shiller 10-City Composite Home Price Index – measuring the home price changes in the major U.S. metropolitan areas, as well as twenty composite indices for the leading U.S. cities. Market fluctuations and recovery Despite the overall upward trend, the housing market has experienced some fluctuations in recent years. During the housing boom in 2021, the number of existing home sales reached the highest level since 2006. However, transaction volumes quickly plummeted, as the soaring interest rates and out-of-reach prices led to housing sentiment deteriorating. Factors influencing home prices Several factors have contributed to the rise in home prices, including a chronic supply shortage, the gradual decline in interest rates, and the spike in demand during the COVID-19 pandemic. During the subprime mortgage crisis (2007-2010), the construction of new homes declined dramatically. Although it has gradually increased since then, the number of new building permits, home starts, and completions are still shy from the levels before the crisis. With demand outweighing supply, competition for homes can be fierce, leading to bidding wars and soaring prices. The supply of existing homes is further constrained, as homeowners are less likely to sell and move homes due to the worsened lending conditions.

Graph and download economic data for Housing Inventory: Median Days on Market in the United States (MEDDAYONMARUS) from Jul 2016 to May 2025 about median and USA.

The U.S. housing market has seen significant price growth since 2011, with the median sales price of existing single-family homes reaching a record high of ******* U.S. dollars in 2024. This represents a substantial increase of ******* over the past five years, highlighting the rapid appreciation of home values across the country. The trend of rising prices can also be observed in the new homes sold. Regional variations and housing shortage While the national median price provides a broad overview, regional differences in home prices are notable. The West remains the most expensive region, with prices twice higher than in the more affordable Midwest. This disparity persists despite efforts to increase housing supply. In 2024, approximately ******* building permits for single-family housing units were granted, showing a slight increase from previous years but still well below the 2005 peak of **** million permits. The ongoing housing shortage continues to drive prices upward across all regions. Market dynamics and future outlook The number of existing home sales has plummeted since 2020, reflecting the growing cost of homeownership. Factors such as high home prices, unfavorable economic conditions, and aggressive increases in mortgage rates have contributed to affordability challenges for many potential homebuyers. Despite these challenges, forecasts suggest a potential recovery in the housing market by 2025, though transaction volumes are expected to remain below long-term averages.

The US residential real estate market, a cornerstone of the American economy, is projected to experience steady growth over the next decade. While the provided CAGR of 2.04% is a modest figure, it reflects a market maturing after a period of significant expansion. This sustained growth is driven by several key factors. Firstly, population growth and urbanization continue to fuel demand for housing, particularly in densely populated areas and emerging suburban markets. Secondly, low interest rates (historically, though this can fluctuate) have made mortgages more accessible, stimulating buyer activity. Thirdly, a robust construction sector, though facing challenges in material costs and labor shortages, is gradually increasing the housing supply, mitigating some of the upward pressure on prices. However, challenges remain. Rising inflation and potential interest rate hikes pose a risk to affordability, potentially dampening demand. Furthermore, the ongoing evolution of remote work is reshaping residential preferences, with a shift toward larger homes in suburban or exurban locations. This trend impacts the relative demand for various property types, potentially increasing the appeal of landed houses and villas compared to apartments and condominiums in certain regions. The segmentation of the market into apartments/condominiums and landed houses/villas provides crucial insights into consumer preferences and investment strategies. High-density urban areas will continue to see strong demand for apartments and condos, while suburban and rural areas are likely to experience a greater increase in landed property sales. Major players like Simon Property Group, Mill Creek Residential, and others are strategically adapting to these trends, focusing on both development and management across various property types and geographic locations. Analyzing regional data within the US (e.g., comparing growth in the Northeast versus the Southwest) will highlight market nuances and potential investment opportunities. While the global data provided is valuable for understanding broader market forces, focusing the analysis on the US market allows for a more granular understanding of the specific drivers, trends, and challenges within this significant segment of the real estate sector. The forecast period (2025-2033) suggests continued, albeit measured, expansion. Recent developments include: May 2022: Resource REIT Inc. completed the sale of all of its outstanding shares of common stock to Blackstone Real Estate Income Trust Inc. for USD 14.75 per share in an all-cash deal valued at USD 3.7 billion, including the assumption of the REIT's debt., February 2022: The largest owner of commercial real estate in the world and private equity company Blackstone is growing its portfolio of residential rentals and commercial properties in the United States. The company revealed that it would shell out about USD 6 billion to buy Preferred Apartment Communities, an Atlanta-based real estate investment trust that owns 44 multifamily communities and roughly 12,000 homes in the Southeast, mostly in Atlanta, Nashville, Charlotte, North Carolina, and the Florida cities of Jacksonville, Orlando, and Tampa.. Key drivers for this market are: Investment Plan Towards Urban Rail Development. Potential restraints include: Italy’s Fragmented Approach to Tenders. Notable trends are: Existing Home Sales Witnessing Strong Growth.

House prices grew year-on-year in most states in the U.S. in the third quarter of 2024. The District of Columbia was the only exception, with a decline of ***** percent. The annual appreciation for single-family housing in the U.S. was **** percent, while in Hawaii—the state where homes appreciated the most—the increase exceeded ** percent. How have home prices developed in recent years? House price growth in the U.S. has been going strong for years. In 2024, the median sales price of a single-family home exceeded ******* U.S. dollars, up from ******* U.S. dollars five years ago. One of the factors driving house prices was the cost of credit. The record-low federal funds effective rate allowed mortgage lenders to set mortgage interest rates as low as *** percent. With interest rates on the rise, home buying has also slowed, causing fluctuations in house prices. Why are house prices growing? Many markets in the U.S. are overheated because supply has not been able to keep up with demand. How many homes enter the housing market depends on the construction output, whereas the availability of existing homes for purchase depends on many other factors, such as the willingness of owners to sell. Furthermore, growing investor appetite in the housing sector means that prospective homebuyers have some extra competition to worry about. In certain metros, for example, the share of homes bought by investors exceeded ** percent in 2024.

Graph and download economic data for Existing Single-Family Home Sales: Housing Inventory (HSFINVUSM495N) from May 2024 to May 2025 about 1-unit structures, inventories, family, sales, housing, and USA.