THE BASIS POINT

Prices of existing homes now $356,700, up 114 straight months. First time buyers are 29% of all sales, cash buyers 15%, foreclosures 1%.

Here’s the NAR with all the stats on August existing home sales.

In August 2021, each of the four major U.S. regions experienced declines on both a month-over-month and a year-over-year perspective, breaking a two-month streak of increases.

Existing home sales were down 2% July to August.

Inventory of unsold homes is now 1.29 million, which is 2.6 months of supply right now.

The annual rate of existing home sales is now 5.88 million

Existing U.S. home price now $356,700, up 114 straight months.

First time buyers were 29% of August sales, cash buyers were 15%, and distressed sales were 1%.

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Prices of existing homes now $356,700, up 114 straight months. First time buyers are 29% of all sales, cash buyers 15%, foreclosures 1%.

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