Tag Archive for ‘Existing Home Sales’

Home Prices Continue to Increase in October

S&P Dow Jones Indices reported that the Case-Shiller U.S. National Home Price Index, which uses prices of existing homes, rose at a seasonally adjusted annual growth rate of 8.4% in October, slightly slower than the 8.5% increase in September. The September increase was revised down from its original estimate of 9.0%. Meanwhile, the Home Price Index, released by the Federal Housing… Read More ›

Existing Sales Surge 5.6% in November

November existing sales embraced an end of the year rally, increasing 5.6% to the highest level since December 2006; but the first-time buyer share of 29% continued to disappoint. The National Association of Realtors reported 44% of homes sold last month were on the market less than a month, a slightly slower pace than the 47% last month. The November… Read More ›

Existing Sales Up 2.0% in October

October existing sales increased 2.0%, and the first-time buyer share increased to 32% of sales. The National Association of Realtors projected that Texas and Florida sales are now expected to completely bounce back by the end of the year from declines due to Hurricanes Harvey and Irma. Some 47% of homes sold last month were on the market less than… Read More ›

September Existing Sales Slightly Up

September existing sales increased slightly by 0.7% for the first time in four months, but the first-time buyer share decreased to 29% of sales, the lowest share since September 2015. The National Association of Realtors reported that parts of Texas and South Florida had temporary but notable declines due to Hurricanes Harvey and Irma. Some 48% of homes sold last… Read More ›

July Existing Sales Slow Again

Despite gains in the West and South, existing home sales fell for a second consecutive month, declining 1.3 % in July, but remained 2.1% above the pace a year ago. Some 51% of homes sold last month were on the market less than a month as buyers overcame low inventory and higher prices. July inventory declined 1.0%, and is now… Read More ›

June Existing Sales Slow

Existing home sales decreased 1.8 % in June, but remain 0.7% above the pace a year ago. Some 54% of homes sold last month were on the market less than a month as buyers overcame low inventory and higher prices. June inventory declined 0.5%, and remains 7.1% lower than a year ago, having fallen year-over-year for the 25th consecutive month…. Read More ›

May Buyers Rush Past Market Challenges

Existing home sales increased 1.1% in May, and 55% of homes sold last month were on the market less than a month as buyers overcame low inventory and higher prices. Although May inventory increased 2.1%, it remains 8.4% lower than a year ago and fell year-over-year for the 24th consecutive month. The National Association of Realtors (NAR) reported that at… Read More ›

April Buyers Chafe at Supply Constraints

Existing home sales declined 2.3% in April as inventory fell year-over-year for the 23rd consecutive month, while the velocity of sales increased to the highest level since the National Association of Realtors (NAR) began tracking the monthly sales timeframe.  At the current sales rate, the April unsold inventory represents a 4.2-month supply, up from the March 3.8-month supply, but down… Read More ›

March Sales Roar Like a Lion

Existing home sales, as reported by the National Association of Realtors (NAR), surged 4.4% in March to the highest pace in ten years. At the current sales rate, the March unsold inventory represents a 3.8-month supply, unchanged from February. March existing sales were up 5.9% from the same month a year ago, and reached a seasonally adjusted rate of 5.71… Read More ›

Existing Sales Hit Inventory Wall

Existing home sales, as reported by the National Association of Realtors (NAR), reversed a January gain and decreased 3.7% in February. At the current sales rate, the February unsold inventory represents a 3.8-month supply, compared to a 3.5-month supply in January. February existing sales were up 5.4% from the same month a year ago, and reached a seasonally adjusted rate… Read More ›