Lawler: Early Read on Existing Home Sales in August and Some New Household/Housing Stock Data

From housing economist Tom Lawler:

Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 4.07 million in August, unchanged from July’s preliminary pace and down 14.7 % from last August’s seasonally adjusted pace.

Local realtor/MLS reports suggest that the median existing single-family home sales price last month was up by about 3.8% from last August.

CR Note: The NAR is scheduled to released August Existing Home Sales on Thursday at 10:00 AM ET. The consensus is for 4.10 million SAAR, up from 4.07 million in July.

Some New Household/Housing Stock Data