US present dwelling gross sales for July four.01M vs expectations of three.92 M

• Prior month three.930 million
• Current dwelling gross sales four.01M versus expectations of three.92M
• Current dwelling gross sales +2.zero% versus -2.7% final month.
• Inventories four.6 months versus four.7 months final month.
• There are 15.7% stock enhance yr on yr
• Median value $422.four thousand +zero.2% yr on yr, the 25th consecutive month of year-over-year value will increase.

Different particulars:

Single-Household Houses in July

• 2.zero% enhance in gross sales to a seasonally adjusted annual fee of three.64 million, up 1.1% from July 2024.
• $428,500: Median dwelling value in July, up zero.three% from final yr.

Condominiums and Co-ops in July

• 2.eight% enhance in gross sales month-over-month to a seasonally adjusted annual fee of 370,000 models, down 2.6% year-over-year.
• $362,600: Median value, down 1.2% from July 2024.

Regional Snapshot for Current-House Gross sales in July

Northeast

• eight.7% enhance in gross sales month-over-month to an annual fee of 500,000, up 2.zero% year-over-year.
• $509,300: Median value, up zero.eight% from July 2024.

Midwest

• 1.1% lower in gross sales month-over-month to an annual fee of 940,000, up 1.1% year-over-year.
• $333,800: Median value, up three.9% from July 2024.

South

• 2.2% enhance in gross sales month-over-month to an annual fee of 1.85 million, up 2.2% year-over-year.
• $367,400: Median value, down zero.6% from July 2024.

West

• 1.four% enhance in gross sales month-over-month to an annual fee of 720,000, down four.zero% year-over-year.
• $620,700: Median value, down 1.four% from July 2024.

This text was written by Emma Wang at investinglive.com.