Existing Home Sales
Existing Home Sales
About This Event
The number of existing home sales for March will be released.
Previous: 4.55M
Forecast: 4.5M
Existing home sales measures the change in the annulized number of existing residential buildings that were sold. This is a key indicator of the strength of the housing market. Higher than expected existing home sales is bullish, while lower than expected existing home sales is bearish.
Existing home sales in the US which include completed transactions of single-family homes, town homes, condominiums and co-ops, declined 3.4% mom to a seasonally adjusted annual rate of 4.28 million in April of 2023, the lowest in three months, and compared to forecasts of 4.3 million. Total housing inventory increased 7.2% from March to 1.04 million units, which represents 2.9-month supply at the current sales pace, up from 2.6 months in March. Also, the median existing-home price for all housing types fell 1.7% from last year to $388,800. Prices rose in the Northeast and Midwest but retreated in the South and West. "Home sales are bouncing back and forth but remain above recent cyclical lows. The combination of job gains, limited inventory and fluctuating mortgage rates over the last several months have created an environment of push-pull housing demand", said NAR Chief Economist Lawrence Yun. source: National Association of Realtors
Why This Event Matters
Economic releases such as Existing Home Sales are widely followed because they can shape expectations for growth, inflation, and monetary policy. Traders and investors often use these data points when assessing interest-rate outlooks, Treasury yields, and sector rotation themes. The scheduled timing is April 20, 2023 (America/New_York), subject to source updates.
Source summary: The number of existing home sales for March will be released.
Previous: 4.55M Forecast: 4.5M
Existing home sales measures the change in the annulized number of existing residential buildings that were sold. This is a key indicator of the strength of the housing market. Higher than expected existing home sales is bullish, while lower than expected existing home sales is bearish.
Existing home...
This listing is associated with SPY. Market participants may watch these names around the event window for volatility or news flow.
Frequently Asked Questions
- What is Existing Home Sales?
- It is a stock market catalyst entry on Catacal—an event or release investors and traders may monitor. Details are summarized from the cited source and may be updated over time.
- When is Existing Home Sales?
- The calendar shows Apr 20, 2023 (America/New_York). Verify the exact time and any changes using the source link when planning around the event.
- Why does Existing Home Sales matter for investors?
- Macro releases can influence rate expectations, yields, and sector leadership. Market participants often reassess positioning after the data.
- Which stocks or sectors could be affected?
- Symbols linked to this listing include SPY; other names in the same industry group may also move with related news.
- How is this event categorized?
- Catacal groups this entry under "Economic Data" for navigation. Categories help you find comparable catalysts and build a week-by-week watchlist.
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