Source: National Association of Realtors
Release: Existing Home Sales
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.
Copyright, 2016, National Association of Realtors. Reprinted with permission.
National Association of Realtors, Existing Single-Family Home Sales: Months Supply [HSFSUPUSM673N], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/HSFSUPUSM673N, September 25, 2023.