The Home Sales Index is a measure of the number of existing home sales or new home sales that occur in a particular period of time, typically on a monthly or yearly basis. The Home Sales Index provides insight into the strength of the housing market and is closely watched by real estate professionals, investors, and policymakers.
There are several different Home Sales Indexes available, including the National Association of Realtors’ Existing Home Sales Index and the Census Bureau’s New Residential Sales Index. These indexes are typically reported monthly and provide data on home sales trends at the national level.
You can typically find Home Sales Index data on the websites of the organizations that produce them, such as the National Association of Realtors (NAR) and the U.S. Census Bureau. The NAR publishes the Existing Home Sales Index on a monthly basis, while the Census Bureau releases the New Residential Sales Index on a monthly basis as well. In addition to these sources, financial news outlets and real estate publications may also report on and analyze Home Sales Index data.
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