Tag Archives: average home prices

The Leaking Tire of Existing Home Sales Continues and Slows the Speed of the Market (Though Still Highly Drivable) — Down 2.09 Percent Vs a Year Ago — Median Price Up 4.2 Percent

Existing home sales dropped for the fourth month in a row, down percent 4.1 percent in September 2018 versus a year ago to 5.15 million on a seasonally adjusted annualized basis (SAAR) according to National Association of Realtors® (NAR).  Sales were down from August 3.4 percent (SAAR).  On an unadjusted basis, housing sales in the …Read more

New Single Family Home Sales Jump 14.1 Percent Vs A Year Ago in May 2018, Median Price Down 3.3 Percent to $313,000

New single family residential (SFR) home sales of 689,000 on seasonally adjusted annualized rate (SAAR) were up 14.1 percent versus a year ago and 6.7 percent sequentially from April.   Other than the 712,000 SAAR rate posted in November 2017, this is the greatest level seen since October 2007.  Year-to-date new home sales are up 8.8 …Read more

Existing Home Sales Down 1.39 Percent Year-To-Date in May 2018, Median Price Jumps 4.9 Percent in Past 12-Months

Tight inventories of listings for sale and rising residential mortgage interest rates and home values continued to deflect existing home sales in May 2018 as reported by the National Association of Realtors® (NAR).   Actual sales in May 2018 of 536,000 compared to 555,000 a year ago were down 3.4 percent, but sales year-to-date dipped just …Read more

October 2017 Existing Home Sales Rebound from Hurricane Slump, Up 2.0 Percent Sequentially from Prior Month, (Seasonally Annualized), But Down 0.9 Percent Year-Over-Year

Existing home sales sprang back in October 2017, rising 2.0 percent (on a seasonally adjusted annualized rate) from the downward trend in September arising from Hurricane Harvey and Irma impacts, but remained off slightly (down 0.9 percent) from a year ago according to the National Association of Realtors® (NAR).  Median price was $247,000 (not seasonally …Read more

Existing Home Sales Up 2.1 Percent Year-Over-Year in July 2017 but Slip 1.3 Percent Sequentially from June

Existing home sales rose 2.1 percent year-over-year to 5.44 million on a seasonally adjusted annualized rate (SAAR) but fell 1.3 percent sequentially from June according to the National Association of Realtors® (NAR).   Raw monthly home sales in July 2017 (not seasonally adjusted), at 513,000 single family, townhouse, condominium and co-op closings were unchanged from a …Read more

Existing Home Sales in June 2017 Up Slightly Year-Over-Year But Down 1.8 Percent Sequentially from May, Median Price Continue Strong Ascent

Existing home sales were up an ever-so-slight 0.7 percent in June 2017 versus a year ago, but fell 1.8 percent on a seasonally-adjusted annualized rate (SAAR) from May to 5.52 million according to the National Association of Realtors® (NAR).   Raw monthly home sales in June 2017 (not seasonally adjusted), at 601,000 single family, townhouse, condominium …Read more