Existing Home Sales

Existing Home sales is the rate of previously owned SFR’s [single family residences] reported by the NAR [National Association of Realtors].  They collect the information from 650 individual realtor associations.  This report is delivered the 25th of each month at 9:00 [central] by the NAR.  It is an important number to watch since existing home sales account for 84% of the market.  The remaining 16% are new homes.  Its impact on the market is MODEST since the real estate sales market does vary pending on seasonal influences.