Existing Home Sales a Fluttering Leaf - August 2021

Current existing home sales numbers hover in the best range in 14 years, but weakened slightly in August 2021. The current pace is akin to a fluttering leaf oscillating from left to right and right to left but in a gentle downward track. There are no surprises here given escalating home prices, eroding affordability and limited inventory.

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

As of August 2021

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

Single-Family Sales by Price and Median Days on the Market Prior to an Accepted Purchase Contract – sample data not seasonally adjusted. Primary reason that sales priced $250,000 and less are down because there is almost nothing left for sale due to minimal inventory

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



Other Details Included in the NAR Release

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

Housing continues to have among the greatest intrinsic value in our lifetimes as we have spent more time than ever at home. Where we have lived since the onset of the pandemic has and continues to impact our lifestyle and quality of life. Unfortunately, this pandemic is not yet over.