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Existing 1-Family Home For Sale (Source: NAR)

Represents sales of previously owned homes for which a contract has been completed. It accounts for about 85% of all houses sold. It includes single-family homes, townhomes, condos and coops. Arguably, this data understates the real level of inventories as it does not take into account cancellations of signed sales contracts.

As of 2011, this component of inventory accounted for about a 1/3 of the total share.

In mid 2010, total inventory was estimated according to different sources as the following:

  • Existing: 3-4mm
  • Distressed (REO): 1mm
  • Shadow: 7-8mm

Last Updated: 31-Aug-12