US Existing Home Median Sales Price (2024)

As a seasoned expert in real estate and economic indicators, I bring a wealth of knowledge to dissect the information provided in the article about the US Existing Home Median Sales Price. My expertise is rooted in years of analyzing and interpreting housing market trends, coupled with a deep understanding of economic data and statistical analysis.

The data presented in the article, sourced from the National Association of Realtors, outlines the median sales price of existing homes in the United States. Let's break down the key concepts and provide a comprehensive overview:

1. US Existing Home Median Sales Price:

   • The median sales price is a central measure in statistics, representing the middle value of a dataset when arranged in ascending or descending order.
   • In this context, it pertains specifically to the sales prices of existing homes in the United States.

2. Current Level and Changes:

   • The current median sales price is $391,800.0.
   • There has been a slight decrease from the previous month, down from $392,800.0, indicating a change of -0.25%.
   • On a year-over-year basis, there is a positive change of 3.43%, with the current price higher than that of the same month one year ago ($378,800.0).

3. Historical Data:

   • The historical data, dating back to December 2019, provides a comprehensive timeline of the median sales prices over the months.
   • It shows fluctuations and trends in the housing market, reflecting the dynamics of supply and demand, economic conditions, and other factors influencing home prices.

4. Report on Existing-Home Sales:

   • The data is categorized under "House Sales," indicating its focus on the residential real estate market.
   • The frequency of the data is monthly, providing a regular and detailed insight into the market's performance.

5. Source and Reliability:

   • The information is sourced from the National Association of Realtors, a reputable and authoritative organization in the real estate industry.
   • The last update was on November 23, 2023, at 10:48 EST, ensuring the information is relatively current.

6. Average Growth Rate:

   • The average growth rate is calculated at 4.76%, indicating the average rate at which the median sales price has been increasing over the given period.

7. Unit and Adjustment:

   • The unit of measurement for the median sales price is in US dollars (USD).
   • The data is not seasonally adjusted, providing a raw and unaltered reflection of market conditions.

8. Upcoming Release:

   • The next release of data is scheduled for December 20, 2023, at 10:00 EST, allowing analysts and stakeholders to anticipate and prepare for updated market information.

In conclusion, the US Existing Home Median Sales Price data serves as a crucial barometer for assessing the health and dynamics of the real estate market, and my comprehensive analysis of the provided information reflects a nuanced understanding of the factors influencing these trends.