Details from the August 2017 US existing home sales report 20 September 2017

  • Prior 5.44m
  • Inventory 1.88m, 4.2 months worth
  • Median sale price $253,500 vs $258,100 Jul. +5.6% vs Aug 2016
  • 4% of sales were distressed vs 5% in july and 5.65 Aug 2016
  • Sales would have been flat without decline in Houston
  • Sales fell 25% in Houston area due to hurricane Harvey

 

Ryan Littlestone

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