Sales price, both the median and mean (average), are also computed for the nation and four census regions on a monthly basis. The median price is where half sold for more and half sold for less; medians are more typical of market conditions than average prices, which are skewed higher by a relatively small share of upper-end transactions.
Every year sales activity tends to increase in spring and summer while typically slowing down in winter. Sales activity between February and March typically increases by 34 percent while prices rise by 3 percent . In contrast, the slowest months of selling activity are November, December, January, and February, with January being the slowest. When the weather is nicer, more people tend to look at homes.
NAR releases EHS data on a monthly basis to provide accurate and timely information on the state of the U.S. housing market. Knowing the monthly changes in home sales and price can provide a snapshot of what is happening in the market, and what trends and challenges face the market both nationally and in each region.