The number of home purchase and sale transactions in the U.S. secondary market in July increased by 2% compared to the revised figure in June – to 5.99 million, according to a report by the National Association of Realtors (NAR).
On the contrary, analysts surveyed by the Daily FX portal expected a decrease in the indicator to 5.83 million. At the same time, the figure for June was revised to 5.87 million from 5.86 million transactions.
Including sales of single-family homes in the United States amounted to 5.28 million in the reporting month. There was an increase of 2.7% monthly and a decrease of 0.8% on an annual basis. The average cost of such houses in the country increased by 18.6% annually, to 367 thousand dollars.
In addition, the number of sales of condominiums and apartments in July amounted to 710 thousand, which is 20 thousand more than in June. The indicator was 22.4% higher than last year. The average price of such real estate increased by 14.1% in annual terms, to 307.1 thousand dollars.
The release also clarifies that the average price for housing of all types in July increased in annual terms by 17.8%.
Also, according to the association, the share of problem real estate on the market was less than 1%, unchanged from June and July last year.