Existing Home Sales July 2021, Ditto - National Association of Realtors

Just a data summary this month as very little changed, so ditto.

Existing Home Sales July 2021 – National Association of Realtors® (NAR)

As of July 2021

Seasonally Adjusted Annualized Sales Numbers (SAAR)

5.990 million SAAR as of July 2021
up 2.0 percent sequentially from June 2021
up 1.5 percent year-over-year

Monthly Sales – raw data not seasonally adjusted

584,000 for the month of July 2021
down 5.0 percent versus the 615,000 sales in June 2021
down 2.2 percent versus the 597,000 sales in July 2020

Sales Trailing 12-Months – raw data not seasonally adjusted

6.183 million for the 12-months ending July 2021 – raw data not seasonally adjusted
down 0.2 percent vs 12-months ending June 2021
up 18.9 percent vs 12-months ending July 2020

Sales Year-to-Date – raw data not seasonally adjusted

Median Price – July 2021

$359,900 – not seasonally adjusted
up 17.8 percent vs $305,600 recorded in July 2020

Average Price – July 2021

$378,700 – not seasonally adjusted
up 12.0 percent vs $338,000 recorded in July 2020

Single-Family Sales by Price and Median Days on the Market Prior to an Accepted Purchase Contract – sample data not seasonally adjusted

Months Inventory – with 6.0 months inventory considered normal on an historical perspective


Other Details Included in the NAR Release

Inventory increased 7.3 percent from June 2021 to July 2021 to 1.32 million active listings, but was down 12.0 percent from the 1.50 million listings available in July 2020

Typical property was on the market 17 days prior to an accepted purchase contract, down from 22 days in July 2020

80 percent of homes closed in July 2021 were on the market less than one month before going under contract

1st time homebuyers accounted for 30 percent of July closings, down from 34 percent one-year ago Investors purchased 15 percent of all existing home sales in July 2021 unchanged from July 2020 Buyers paid all-cash (no mortgage loan involved) in almost one-in-four closings (23%) compared to 16 percent one-year ago

Distressed sales – foreclosures and short sales -- made up less than 1 percent of July 2021 transactions unchanged versus July 2020

To read the entire NAR press release and access the underlying data click https://www.nar.realtor/newsroom/existing-home-sales-climb-2-0-in-july