The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Homes priced between $100-250K showed a modest increase at 3.4%. This not only points to the lower inventory of homes available for sale in this price range but also […]
Some Highlights This is the 48th consecutive month with year-over-year price gains. Lawrence Yun, NAR’s Chief Economist says that, “The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers.” Inventory is still below historic norms at a 4.4 month supply.
Last week, the National Association of Realtors (NAR) released their latest Existing Home Sales Report which covered sales in November. The report revealed that sales: “…fell 10.5 percent to a seasonally adjusted annual rate of 4.76 million in November (lowest since April 2014 at 4.75 million)…” That report gave birth to a series of industry articles, […]
Some Highlights: Across the country Existing Home Sales are up 10.3% year-over-year. For the 10th month in a row of year over year gains, Sales rose to an annual rate of 5.59 million. The U.S. Median price of a home is $234,000, up 5.6% year-over-year. The August numbers mark the 41st consecutive month of year-over year price […]
I hope you enjoyed a great 4th of July weekend! It turns out that along with the fireworks, home prices and home sales are shooting up just as dramatically. Some Highlights: Existing Home Sales are 9.2% higher than just one year ago. Home Prices are 7.9% higher than last year this time. The $250-500K price […]