Economic DataWatch
Existing Home Sales  

September 23, 2010 
   
1555 NorthPark Drive #102 
Weston, Florida 33326 

www.horowitzandcompany.com 
p  954‐349‐0800  f 954‐349‐1414 

 
 Existing Home Sales
SAAR (Millions) August‐10 July‐10 June‐10 May‐10 April‐10 March‐10 February‐10
Total 4.13 3.84 5.26 5.66 5.79 5.36 5.01
Northeast 0.68 0.63 0.88 0.89 1.09 0.9 0.84
Midwest 0.84 0.8 1.23 1.33 1.33 1.21 1.11
South 1.62 1.54 1.99 2.15 2.14 1.97 1.84
West 0.99 0.87 1.16 1.29 1.23 1.29 1.22
Available for Sale 3.982 4.007 3.887 3.893 4.029 3.626 3.531
Months Supply 11.6 12.5 8.9 8.3 8.4 8.1 8.5
Monthly Percent Change August‐10 July‐10 June‐10 May‐10 April‐10 March‐10 February‐10
Total 7.6% ‐27.0% ‐7.1% ‐2.2% 8.0% 7.0% ‐0.8%
Northeast 7.9% ‐28.4% ‐1.1% ‐18.3% 21.1% 7.1% 2.4%
Midwest ‐1.0% ‐3.0% 4.7% 5.6% 3.9% 5.4% ‐1.2%
South 5.2% ‐22.6% ‐7.4% 0.5% 8.6% 7.1% ‐1.6%
West 13.8% ‐25.0% ‐10.1% 4.9% ‐4.7% 5.7% ‐4.7%
Available for Sale ‐0.62% 3.09% ‐0.15% ‐3.38% 11.11% 2.69% 7.75%
Average Home Prices August‐10 July‐10 June‐10 May‐10 April‐10 March‐10 February‐10
Average $228,700 $231,700 $230,000 $220,900 $217,300 $214,500 $208,700
Northeast $294,600 $297,300 $290,800 $269,900 $277,600 $273,700 $286,000
Midwest $185,400 $186,000 $186,000 $174,900 $166,700 $162,700 $157,200
South $200,200 $202,100 $205,300 $195,600 $190,600 $188,500 $178,400
West $267,500 $274,100 $268,000 $271,000 $264,300 $263,100 $248,200
Average Prices YoY % Change August‐10 July‐10 June‐10 May‐10 April‐10 March‐10 February‐10
Average 2.93% 1.98% 0.97% 1.24% 4.17% 1.47% ‐0.76%
Northeast 4.99% 3.77% 2.47% ‐3.23% 2.59% 4.55% 6.36%
Midwest 6.49% 0.81% 0.76% 0.23% 3.35% 1.56% 1.42%
South 0.60% ‐0.49% ‐0.05% ‐1.21% 2.31% 2.06% ‐1.98%
West 0.53% 3.98% 1.21% 8.70% 7.00% ‐1.86% ‐7.73%
Median Home Prices August‐10 July‐10 June‐10 May‐10 April‐10 March‐10 February‐10
Median $178,600 $182,100 $183,000 $174,600 $172,300 $169,600 $164,600
Northeast $260,300 $263,000 $253,000 $226,500 $243,100 $239,400 $254,200
Midwest $149,600 $151,100 $155,800 $148,800 $140,900 $135,600 $128,600
South $155,000 $156,000 $159,400 $153,700 $149,200 $147,900 $140,100
West $214,700 $223,800 $220,500 $220,100 $217,200 $216,100 $200,600
Median Prices YoY % Change August‐10 July‐10 June‐10 May‐10 April‐10 March‐10 February‐10
Median 0.79% 0.44% 0.66% ‐0.11% 3.48% ‐0.24% ‐2.14%
Northeast 7.61% 4.45% 2.30% ‐7.74% 2.14% 4.36% 7.26%
Midwest 0.40% ‐3.08% ‐0.19% 0.88% 1.81% ‐2.45% ‐1.53%
South ‐1.46% ‐3.53% ‐2.57% ‐2.41% 0.67% 0.48% ‐3.84%
West ‐2.50% 2.80% 0.92% 6.84% 6.11% ‐4.97% ‐13.01%
Source:  National Association of Realtors / Horowitz & Company

www.HorowitzandCompany.com
 Existing Home Sales (SAAR in Millions) Existing Home Sales (SAAR in Millions)
6 13
2.50

Monthly Supply of Existing Homes
Existing Home Sales (Millions)
5 12
2.00
4 11
1.50
3 10

1.00
2 9

0.50 1 8

0.00 0 7
Feb‐10 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Feb‐10 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10
Northeast Midwest South West Northeast Midwest South West Months Supply

Existing Home Sales (Monthly % Change) Existing Home Sales (Avg. Prices)
$350,000
30%
$300,000
20%
$250,000
10%
$200,000
0%
$150,000
‐10%
$100,000
‐20% $50,000

‐30% $0
Feb‐10 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10 Feb‐10 Mar‐10 Apr‐10 May‐10 Jun‐10 Jul‐10 Aug‐10
Northeast Midwest South West Northeast Midwest South West Average

www.HorowitzandCompany.com
 

1555 NorthPark Drive #102 
Weston, Florida 33325 
p 954‐349‐0800    f 954‐349‐1414 
 

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