Tag Archives: Existing Home Sales

March 2018 Existing Home Sales Down 1.2 Percent Vs a Year Ago — Median Price Up 5.8 Percent to $250,400 Driven By Minimal Inventory and Strong Demand

Existing home sales came in at  5.60 million dwelling units on a seasonally adjusted annualized rate (SAAR) in March 2018, down 1.2 percent versus a year ago but up 1.1 percent sequentially compared to February 2018, according to the National Association of Realtors® (NAR).   On a raw unadjusted basis, sales totaled 434,000 in March 2018 …Read more

New Home Sales in February 2018 Flat Versus a Year Ago

New homes sales of 618,000 on seasonally adjusted annualized rate (SAAR) were essentially unchanged from both a year ago and the prior month.    There were 305,000 new homes available for sale at the end of February 2018 equating to an estimated 5.9 months inventory.  In comparison, existing homes had a miniscule 3.4 month inventory …Read more

Existing Home Sales Ratcheted Up 1.1 Percent Vs a Year Ago in February 2018, Reversing a Miss in January — Despite Shrinking Inventory

Sales of existing homes ratcheted up 1.1 percent in February 2018 compared to a year ago, hitting a seasonally adjusted annualized sales rate (SAAR) of 5.54 million homes according to the National Association of Realtors® (NAR).  On a raw unadjusted basis, home sales of 319,000 in February 2018 were up from 315,000 a year ago, …Read more

New Home Sales Hit a 10-Year High in November at 773,000 Dwellings on a Seasonally Adjusted Annualized Rate, Median Price $318,700

New homes sales continued a rapid gain in November 2017, rising to an estimated 773,000 dwelling units on a seasonally adjusted annualized rate (SAAR).   The last time sales on a SAAR were greater was August 2007 at 795,000.   Sales were up 26.6 percent on a year-over-year basis (SAAR) and up 17.5 percent sequentially from October. …Read more