Existing Home Sales in Midwest Census Region
EXHOSLUSMWM495S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
950,000.00
Year-over-Year Change
2.15%
Date Range
6/1/2024 - 6/1/2025
Summary
The Existing Home Sales in Midwest Census Region tracks the number of completed transactions for sales of single-family homes, townhomes, condominiums, and co-ops in the Midwest region of the United States. This important economic indicator provides insights into the health of the housing market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Existing Home Sales metric measures the total number of sales transactions closed during the month for single-family homes, townhomes, condominiums, and co-operative housing units located in the Midwest census region. This data is used by economists and policymakers to assess the strength of the regional housing market and consumer demand.
Methodology
The data is collected and reported monthly by the National Association of Realtors.
Historical Context
Existing Home Sales figures are closely monitored by the Federal Reserve and other economic institutions to help guide policy decisions that impact the housing and mortgage markets.
Key Facts
- Existing home sales account for a majority of total home sales in the United States.
- The Midwest region represents approximately 20% of the national existing home sales market.
- Sales of existing homes have a significant impact on related industries like construction, mortgage lending, and home furnishings.
FAQs
Q: What does this economic trend measure?
A: The Existing Home Sales in Midwest Census Region metric tracks the total number of completed sales transactions for single-family homes, townhomes, condos, and co-ops in the Midwest region of the U.S.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the strength of the regional housing market and consumer demand, which are closely watched by economists, policymakers, and real estate industry participants.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the National Association of Realtors.
Q: How is this trend used in economic policy?
A: Existing Home Sales figures are closely monitored by the Federal Reserve and other economic institutions to help guide policy decisions that impact the housing and mortgage markets.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short lag, providing timely insights into the regional housing market.
Related Trends
New Privately Owned Housing Completions Total One-Family Units in the Midwest Census Region
COMP1FMWQ
Housing Inventory Estimate: Occupied Housing Units in the Midwest Census Region
EOCCMWQ176N
Housing Inventory Estimate: Vacant Housing Units Held Off the Market in the Midwest Census Region
EOFFMARMWQ176N
Expenditures: Pensions and Social Security by Region: Residence in the Midwest Census Region
CXUPENSIONSLB1103M
Expenditures: Apparel, Women, 16 and over by Region: Residence in the Midwest Census Region
CXUWOMENSLB1103M
Expenditures: Fresh Fruits by Region: Residence in the Midwest Census Region
CXUFRSHFRUTLB1103M
Citation
U.S. Federal Reserve, Existing Home Sales in Midwest Census Region (EXHOSLUSMWM495S), retrieved from FRED.