Unexpectedly Intriguing!
July 30, 2019

Nationally, the total valuation of aggregate existing home sales have dipped in May 2019 from April 2019's level. Regionally, almost all of that decline was registered in the U.S. Census Bureau's West region.

State level existing home sales data through May 2019 is now available from Zillow's databases, which now includes data from New Hampshire in the period July 2017 to the present. The following chart illustrates the trends we see for the 43 states for which Zillow provides seasonally-adjusted sale prices and volumes for existing homes in 43 states and the District of Columbia.

Estimated Aggregate Transaction Values for Existing Home Sales, 43 States and District of Columbia*, January 2016 to May 2019

The following charts break the national aggregate existing home sales totals down by U.S. Census Bureau major region from January 2016 through May 2019, where we have omitted states whose available data only covers a portion of that period, which provides an apples-to-apples comparison of trends from one month's data to the next. The first two charts below show the trends for the West and the Northeast, which have respectively been the weakest and strongest regions in the nation over the last several months.

Estimated Aggregate Transaction Values for Existing Home Sales, U.S. Census West Region, January 2016 to May 2019
Estimated Aggregate Transaction Values for Existing Home Sales, U.S. Census Northeast Region, January 2016 to May 2019

By contrast, the U.S. South and Midwest regions have seen a relatively flat level of aggregate existing home sales since early 2018.

Estimated Aggregate Transaction Values for Existing Home Sales, U.S. Census South Region, January 2016 to May 2019
Estimated Aggregate Transaction Values for Existing Home Sales, U.S. Census Midwest Region, January 2016 to May 2019

Finally, because we can drill down to state level data, the final chart shows the recent trends for aggregate existing home sales for each state of the South region.

Estimated Aggregate Transaction Values for Existing Home Sales, U.S. Census Bureau South Region, Individual States, January 2016 to May 2019

The states that stand out in this region are Texas, Louisiana and Oklahoma, whose aggregate existing home sales have shown relative declines in recent months compared to other states in the region, which coincides with recent distress in the oil and gas industries that make up a large share of these states' economies.

In upcoming weeks, we'll revisit the individual states of the West region, since it is continuing to show weakness compared to other major regions in the U.S.


Labels:

About Political Calculations

Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:

ironman at politicalcalculations.com

Thanks in advance!

Recent Posts

Stock Charts and News

Most Popular Posts
Quick Index

Site Data

This site is primarily powered by:

This page is powered by Blogger. Isn't yours?

CSS Validation

Valid CSS!

RSS Site Feed

AddThis Feed Button

JavaScript

The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.

Other Cool Resources

Blog Roll

Market Links

Useful Election Data
Charities We Support
Shopping Guides
Recommended Reading
Recently Shopped

Seeking Alpha Certified

Archives
Legal Disclaimer

Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.