Existing Home Sales


DEFINITION of 'Existing Home Sales'

An economic indicator of both the number and prices of existing single-family homes, condos and co-op sales over a one-month period. The existing home sales report is released monthly by the U.S. National Association of Realtors. It is a lagging indicator as it tends to react after a change in mortgage rates.

BREAKING DOWN 'Existing Home Sales'

The existing home sales report does not look at newly built houses or the sale of new houses. This indicator is thought to be a good measure of demand in the real-estate sector.

  1. Real Estate

    Land plus anything on it, including buildings and natural resources.
  2. Indicator

    Indicators are statistics used to measure current conditions ...
  3. Mortgage

    A debt instrument, secured by the collateral of specified real ...
  4. Pending Home Sales Index - PHSI

    An index created by the National Association of Realtors (NAR) ...
  5. Lagging Indicator

    1. A measurable economic factor that changes after the economy ...
  6. Economy

    The large set of inter-related economic production and consumption ...
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